Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Nov. 08, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | QUAINT OAK BANCORP INC | |
Entity Central Index Key | 1,391,933 | |
Trading Symbol | qnto | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 1,917,223 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Assets | ||
Due from banks, non-interest-bearing | $ 547 | $ 399 |
Due from banks, interest-bearing | 7,682 | 8,901 |
Cash and cash equivalents | 8,229 | 9,300 |
Investment in interest-earning time deposits | 4,879 | 6,098 |
Investment securities available for sale | 8,434 | 9,555 |
Loans held for sale | 6,473 | 4,712 |
Loans receivable, net of allowance for loan losses (2017 $1,735; 2016 $1,605) | 193,771 | 176,807 |
Accrued interest receivable | 925 | 862 |
Investment in Federal Home Loan Bank stock, at cost | 1,134 | 713 |
Bank-owned life insurance | 3,793 | 3,728 |
Premises and equipment, net | 1,973 | 1,730 |
Goodwill | 515 | 515 |
Other intangible, net of accumulated amortization | 428 | 465 |
Other real estate owned, net | 185 | 435 |
Prepaid expenses and other assets | 1,467 | 1,243 |
Total Assets | 232,206 | 216,163 |
Liabilities | ||
Non-interest bearing | 7,713 | 5,852 |
Interest-bearing | 174,685 | 171,155 |
Total deposits | 182,398 | 177,007 |
Federal Home Loan Bank short-term borrowings | 11,500 | 7,000 |
Federal Home Loan Bank long-term borrowings | 14,000 | 8,500 |
Accrued interest payable | 147 | 142 |
Advances from borrowers for taxes and insurance | 1,781 | 2,210 |
Accrued expenses and other liabilities | 362 | 514 |
Total Liabilities | 210,188 | 195,373 |
Stockholders’ Equity | ||
Preferred stock – $0.01 par value, 1,000,000 shares authorized; none issued or outstanding | 0 | 0 |
Common stock – $0.01 par value; 9,000,000 shares authorized; 2,777,250 issued; 1,914,486 and 1,891,150 outstanding at September 30, 2017 and December 31, 2016, respectively | 28 | 28 |
Additional paid-in capital | 14,415 | 14,240 |
Treasury stock, at cost: 2017 862,764 shares; 2016 886,100 shares | (4,689) | (4,611) |
Unallocated common stock held by: | ||
Employee Stock Ownership Plan (ESOP) | (270) | (320) |
Recognition & Retention Plan Trust (RRP) | (24) | (47) |
Accumulated other comprehensive loss | (1) | (38) |
Retained earnings | 12,559 | 11,538 |
Total Stockholders' Equity | 22,018 | 20,790 |
Total Liabilities and Stockholders’ Equity | $ 232,206 | $ 216,163 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans receivable, allowance for loan losses | $ 1,735 | $ 1,605 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 9,000,000 | 9,000,000 |
Common stock, shares issued (in shares) | 2,777,250 | 2,777,250 |
Common stock, shares outstanding (in shares) | 1,914,486 | 1,891,150 |
Treasury stock, at cost, shares (in shares) | 862,764 | 886,100 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Interest Income | ||||
Interest on loans | $ 2,577,000 | $ 2,213,000 | $ 7,530,000 | $ 6,497,000 |
Interest and dividends on short-term investments and investment securities | 96,000 | 96,000 | 262,000 | 244,000 |
Total Interest Income | 2,673,000 | 2,309,000 | 7,792,000 | 6,741,000 |
Interest Expense | ||||
Interest on deposits | 685,000 | 638,000 | 1,987,000 | 1,774,000 |
Interest on Federal Home Loan Bank borrowings | 100,000 | 34,000 | 207,000 | 100,000 |
Total Interest Expense | 785,000 | 672,000 | 2,194,000 | 1,874,000 |
Net Interest Income | 1,888,000 | 1,637,000 | 5,598,000 | 4,867,000 |
Provision for loan losses | 83,000 | 61,000 | 189,000 | 172,000 |
Net Interest Income after Provision for Loan Losses | 1,805,000 | 1,576,000 | 5,409,000 | 4,695,000 |
Non-Interest Income | ||||
Mortgage banking and title abstract fees | 229,000 | 129,000 | 487,000 | 409,000 |
Other fees and services charges | 5,000 | (20,000) | 49,000 | 32,000 |
Insurance commissions | 90,000 | 60,000 | 256,000 | 60,000 |
Income from bank-owned life insurance | 21,000 | 23,000 | 65,000 | 67,000 |
Net gain on the sale of residential mortgage loans | 687,000 | 531,000 | 1,511,000 | 1,289,000 |
Gain on sale of SBA loans | 32,000 | 51,000 | 48,000 | 108,000 |
Loss on sales and write-downs on other real estate owned | (54,000) | (63,000) | (126,000) | |
Other | 32,000 | 13,000 | 61,000 | 36,000 |
Total Non-Interest Income | 1,096,000 | 733,000 | 2,414,000 | 1,875,000 |
Non-Interest Expense | ||||
Salaries and employee benefits | 1,324,000 | 1,132,000 | 3,994,000 | 3,321,000 |
Directors' fees and expenses | 52,000 | 48,000 | 154,000 | 155,000 |
Occupancy and equipment | 137,000 | 143,000 | 427,000 | 413,000 |
Data processing | 86,000 | 52,000 | 219,000 | 137,000 |
Professional fees | 105,000 | 94,000 | 289,000 | 291,000 |
FDIC deposit insurance assessment | 44,000 | 35,000 | 131,000 | 103,000 |
Other real estate owned expense | 4,000 | 13,000 | 12,000 | 32,000 |
Advertising | 39,000 | 23,000 | 117,000 | 84,000 |
Amortization of Intangible Assets | 13,000 | 8,000 | 37,000 | 8,000 |
Other | 144,000 | 109,000 | 447,000 | 333,000 |
Total Non-Interest Expense | 1,948,000 | 1,657,000 | 5,827,000 | 4,877,000 |
Income before Income Taxes | 953,000 | 652,000 | 1,996,000 | 1,693,000 |
Income Taxes | 358,000 | 250,000 | 706,000 | 650,000 |
Net Income | $ 595,000 | $ 402,000 | $ 1,290,000 | $ 1,043,000 |
Earnings per share - basic (in dollars per share) | $ 0.32 | $ 0.22 | $ 0.69 | $ 0.59 |
Average shares outstanding - basic (in shares) | 1,868,969 | 1,792,673 | 1,857,682 | 1,774,343 |
Earnings per share - diluted (in dollars per share) | $ 0.30 | $ 0.21 | $ 0.65 | $ 0.54 |
Average shares outstanding - diluted (in shares) | 2,007,819 | 1,950,413 | 1,998,138 | 1,935,757 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Net Income | $ 595,000 | $ 402,000 | $ 1,290,000 | $ 1,043,000 |
Other Comprehensive Income (Loss): | ||||
Unrealized gains (losses) on investment securities available-for-sale | 11,000 | (5,000) | 56,000 | 15,000 |
Income tax effect | (4,000) | 2,000 | (19,000) | (5,000) |
Other comprehensive income (loss) | 7,000 | (3,000) | 37,000 | 10,000 |
Total Comprehensive Income | $ 602,000 | $ 399,000 | $ 1,327,000 | $ 1,053,000 |
Consolidated Statement of Stock
Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($) | The 401(k) Plan [Member]Common Stock [Member] | The 401(k) Plan [Member]Additional Paid-in Capital [Member] | The 401(k) Plan [Member]Treasury Stock [Member] | The 401(k) Plan [Member] | The 2013 Stock Incentive Plan [Member]Common Stock [Member] | The 2013 Stock Incentive Plan [Member]Additional Paid-in Capital [Member] | The 2013 Stock Incentive Plan [Member]Treasury Stock [Member] | The 2008 Stock Option Plan [Member]Common Stock [Member] | The 2008 Stock Option Plan [Member]Additional Paid-in Capital [Member] | The 2008 Stock Option Plan [Member]Treasury Stock [Member] | The 2008 Stock Option Plan [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock [Member] | Unallocated Common Stock Held by Benefit Plans[Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total |
Net Income | $ 1,043,000 | |||||||||||||||||
Other comprehensive income, net | 10,000 | |||||||||||||||||
Net Income | 402,000 | |||||||||||||||||
Other comprehensive income, net | $ (3,000) | |||||||||||||||||
BALANCE (in shares) at Dec. 31, 2016 | 1,891,150 | 1,891,150 | ||||||||||||||||
BALANCE at Dec. 31, 2016 | $ 28,000 | $ 14,240,000 | $ (4,611,000) | $ (367,000) | $ (38,000) | $ 11,538,000 | $ 20,790,000 | |||||||||||
Common stock allocated by ESOP | 87,000 | 51,000 | 138,000 | |||||||||||||||
Treasury stock purchase (in shares) | (27,363) | |||||||||||||||||
Treasury stock purchase | (341,000) | (341,000) | ||||||||||||||||
Reissuance of treasury stock (in shares) | 6,502 | 5,397 | 38,800 | |||||||||||||||
Reissuance of treasury stock | $ 49,000 | $ 34,000 | $ 83,000 | $ (28,000) | $ 28,000 | $ (8,000) | $ 201,000 | $ 193,000 | ||||||||||
Stock based compensation expense | 97,000 | 97,000 | ||||||||||||||||
Release of 4,864 vested RRP shares | (22,000) | 22,000 | ||||||||||||||||
Cash dividends declared ($0.14 per share) | (269,000) | (269,000) | ||||||||||||||||
Net Income | 1,290,000 | 1,290,000 | ||||||||||||||||
Other comprehensive income, net | 37,000 | $ 37,000 | ||||||||||||||||
BALANCE (in shares) at Sep. 30, 2017 | 1,914,486 | 1,914,486 | ||||||||||||||||
BALANCE at Sep. 30, 2017 | $ 28,000 | 14,415,000 | (4,689,000) | (294,000) | (1,000) | 12,559,000 | $ 22,018,000 | |||||||||||
Net Income | 595,000 | |||||||||||||||||
Other comprehensive income, net | $ 7,000 | |||||||||||||||||
BALANCE (in shares) at Sep. 30, 2017 | 1,914,486 | 1,914,486 | ||||||||||||||||
BALANCE at Sep. 30, 2017 | $ 28,000 | $ 14,415,000 | $ (4,689,000) | $ (294,000) | $ (1,000) | $ 12,559,000 | $ 22,018,000 |
Consolidated Statement of Stoc7
Consolidated Statement of Stockholders' Equity (Unaudited) (Parentheticals) | 9 Months Ended |
Sep. 30, 2017$ / sharesshares | |
Common Stock [Member] | |
Release of vested shares (in shares) | shares | 4,864 |
Retained Earnings [Member] | |
Cash dividends declared, per share (in dollars per share) | $ / shares | $ 0.14 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Cash Flows from Operating Activities | ||
Net Income | $ 1,290,000 | $ 1,043,000 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Provision for loan losses | 189,000 | 172,000 |
Depreciation expense | 121,000 | 140,000 |
Amortization of intangibles | 37,000 | 8,000 |
Net amortization of securities premiums | 15,000 | 14,000 |
Accretion of deferred loan fees and costs, net | (253,000) | (227,000) |
Stock-based compensation expense | 235,000 | 225,000 |
Net gain on the sale of loans | (1,511,000) | (1,289,000) |
Gain on the sale of SBA loans | (48,000) | (108,000) |
Net loss on sale and write-downs of other real estate owned | 63,000 | 126,000 |
Increase in the cash surrender value of bank-owned life insurance | (65,000) | (67,000) |
Changes in assets and liabilities which provided (used) cash: | ||
Loans held for sale-originations | (62,106,000) | (47,942,000) |
Loans held for sale-proceeds | 61,856,000 | 50,048,000 |
Accrued interest receivable | (63,000) | 51,000 |
Prepaid expenses and other assets | (243,000) | (166,000) |
Accrued interest payable | 5,000 | 13,000 |
Accrued expenses and other liabilities | (152,000) | 45,000 |
Net Cash Provided by (Used in) Operating Activities | (630,000) | 2,086,000 |
Cash Flows from Investing Activities | ||
Net decrease in investment in interest-earning time deposits | 1,219,000 | 73,000 |
Purchase of investment securities available for sale | (7,833,000) | |
Principal repayments of investment securities available for sale | 1,162,000 | 784,000 |
Net increase in loans receivable | (16,852,000) | (18,159,000) |
Net increase (decrease) in investment in Federal Home Loan Bank stock | (421,000) | 25,000 |
Proceeds from the sale of other real estate owned | 210,000 | 844,000 |
Capitalized expenditures on other real estate owned | (23,000) | (280,000) |
Purchase of premises and equipment | (364,000) | (50,000) |
Purchase of insurance agency | (1,000,000) | |
Net Cash Used in Investing Activities | (15,069,000) | (25,596,000) |
Cash Flows from Financing Activities | ||
Net increase in demand deposits and savings accounts | 43,000 | 3,273,000 |
Net increase in certificate accounts | 5,348,000 | 22,149,000 |
Net proceeds from Federal Home Loan Bank short-term borrowings | 4,500,000 | |
Proceeds from Federal Home Loan Bank long-term borrowings | 8,000,000 | |
Repayment of Federal Home Loan Bank long-term borrowings | (2,500,000) | (1,000,000) |
Dividends paid | (269,000) | (218,000) |
Purchase of treasury stock | (341,000) | (13,000) |
Proceeds from the reissuance of treasury stock | 83,000 | 82,000 |
Proceeds from the exercise of stock options | 193,000 | 133,000 |
Decrease in advances from borrowers for taxes and insurance | (429,000) | (422,000) |
Net Cash Provided by Financing Activities | 14,628,000 | 23,984,000 |
Net Increase (Decrease) in Cash and Cash Equivalents | (1,071,000) | 474,000 |
Cash and Cash Equivalents – Beginning of Period | 9,300,000 | 17,206,000 |
Cash and Cash Equivalents – End of Period | 8,229,000 | 17,680,000 |
Cash payments for interest | 2,189,000 | 1,861,000 |
Cash payments for income taxes | $ 789,000 | $ 560,000 |
Note 1 - Financial Statement Pr
Note 1 - Financial Statement Presentation and Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | N ote 1 Basis of Financial Presentation. The consolidated financial statements include the accounts of Quaint Oak Bancorp, Inc., a Pennsylvania chartered corporation (the "Company" or "Quaint Oak Bancorp") and its wholly owned subsidiary, Quaint Oak Bank, a Pennsylvania chartered stock savings bank (“Bank”), along with its wholly owned subsidiaries. At September 30, 2017, five July 2009. July 2012 August 1, 2016, The Bank is subject to regulation by the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation. Pursuant to the Bank ’s election under Section 10 two December 2014, The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP) for interim information and with the instructions to Form 10 not The foregoing consolidated financial statements are unaudited; but in the opinion of management include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation thereof. The balances as of December 31, 2016 2016 10 three nine September 30, 2017 not may December 31, 2017. Use of Estimates in the Preparation of Financial Statements. The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. The Company’s most significant estimates are the determination of the allowance for loan losses and the valuation of deferred tax assets. Loans Receivable. The loans receivable portfolio is segmented into residential loans, commercial real estate loans, construction loans and consumer loans. The residential loan segment has two one four one four five loans to businesses for working capital, purchase of a business, tenant improvements, receivables, purchase of inventory, and for the purchase of business essential equipment. Business essential equipment is equipment necessary for a business to support or assist with the day-to-day operation or profitability of the business. The consumer loan segment consists of the following classes: home equity loans and other consumer loans. Included in the home equity class are home equity loans and home equity lines of credit. Included in the other consumer are loans secured by saving accounts. The accrual of interest is generally discontinued when principal or interest has become 90 ’s judgment as to the collectability of principal. Generally, a loan is restored to accrual status when the obligation is brought current, it has performed in accordance with the contractual terms for a reasonable period of time and the ultimate collectability of the total contractual principal and interest is no Allowance for Loan Losses. no The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company ’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may may The allowance consists of specific, general and unallocated components. The specific component relates to loans that are designated as impaired. For loans that are designated as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these categories of loans, adjusted for qualitative factors. These significant factors may A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not considered impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. A loan is identified as a troubled debt restructuring (“TDR”) if the Company, for economic or legal reasons related to a debtor’s financial difficulties, grants a concession to the debtor that it would not For loans secured by real estate, estimated fair values are determined primarily through third the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower ’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for all loans (except one four $500,000, may not may may not Loans Held for Sale . Loans originated by the Bank’s mortgage banking subsidiary, Quaint Oak Mortgage, LLC, are intended for sale in the secondary market and are carried at the lower of cost or fair value (LOCOM). Gains and losses on loan sales (sales proceeds minus carrying value) are recorded in noninterest income, and direct loan origination costs, commissions and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan. Federal Home Loan Bank Stock . Federal law requires a member institution of the Federal Home Loan Bank (FHLB) system to hold restricted stock of its district Federal Home Loan Bank according to a predetermined formula. FHLB stock is carried at cost and evaluated for impairment. When evaluating FHLB stock for impairment, its value is determined based on the ultimate recoverability of the par value of the stock. We evaluate our holdings of FHLB stock for impairment each reporting period. No three nine September 30, 2017 2016. Bank Owned Life Insurance (BOLl). The Company purchases bank owned life insurance as a mechanism for funding various employee benefit costs. The Company is the beneficiary of these policies that insure the lives of certain officers of its subsidiaries. The Company has recognized the cash surrender value under the insurance policies as an asset in the consolidated balance sheets. Changes in the cash surrender value are recorded in non-interest income in the consolidated statements of income. Intangible Assets. Intangible assets on the consolidated balance sheets represent the acquisition by Quaint Oak Insurance Agency of the renewal rights to the book of business produced and serviced by Signature Insurance Services, LLC on August 1, 2016 $1.0 $515,000 $485,000 ten The Company will complete a goodwill and other intangible asset analysis at least on an annual basis or more often if events and circumstances indicate that there may Other Real Estate Owned , Net . no one four September 30, 2017. Share -Based Compensation. At September 30, 2017, three 2008 2008 2013 May 2008 2013. 10. The Company also has an employee stock ownership plan (“ESOP”). This plan is more fully described in Note 10. Comprehensive Income (Loss) . Earnings per Share. Recent Accounting Pronouncements. In May 2014, 2014 09, Revenue from Contracts with Customers December 15, 2016, not not change from our current accounting for revenue because the majority of the Company's financial instruments are not 606. In January 2016, ASU 2016 01, Financial Instruments – Overall (Subtopic 825 10 not December 15, 2017, In February 2016, ASU 2016 02, Leases (Topic 842 one 12 not may December 15, 2018, may not 1% In June 2016, ASU 2016 13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be effected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. ASU 2016 13 December 15, 2019, December 15, 2018. first one first one In August 2016, 2016 15, Statement of Cash Flows (Topic 230 eight may December 15, 2017, In December 2016, 2016 20, Technical Corrections and Improvements to Topic 606, 460, not 606. 2016 20 January 1, 2018. In January 2017, 2017 04, Simplifying the Test for Goodwill Impairment 2 2, , an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting units fair value; however, the loss recognized should not December 15, 2019. This Update is not . In March 2017, 2017 08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310 20 The amendments in this Update shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosures about a change in accounting principle. This Update is not . In May 2017, 2017 09, Compensation – Stock Compensation (Topic 718 not not December 15, 2017. 1 not 2 not This Update is not . Reclassifications. 2016 2017 not no |
Note 2 - Earnings Per Share
Note 2 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 2 – Earnings Per Share Earnings per share (“EPS”) consists of two stock (RRP) shares. Common stock equivalents which are considered antidilutive are not three nine September 30, 2017 2016, The following table sets forth the composition of the weighted average shares (denominator) used in the basic and dilutive earnings per share computations. For the Three Months Ended September 30 , For the Nine Months Ended September 30 , 201 7 201 6 201 7 201 6 Net Income $ 595,000 $ 402,000 $ 1,290,000 $ 1,043,000 Weighted average shares outstanding – basic 1,868,969 1,792,673 1,857,682 1,774,343 Effect of dilutive common stock equivalents 138,850 157,740 140,456 161,414 Adjusted weighted average shares outstanding – diluted 2,007,819 1,950,413 1,998,138 1,935,757 Basic earnings per share $ 0.32 $ 0.22 $ 0.69 $ 0.59 Diluted earnings per share $ 0.30 $ 0.21 $ 0.65 $ 0.54 |
Note 3 - Accumulated Other Comp
Note 3 - Accumulated Other Comprehensive Income (Loss) | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 3 – Accumulated Other Comprehensive Income ( Loss ) The following table presents the changes in accumula ted other comprehensive income (loss) by component, net of tax, for the three nine September 30, 2017 2016 Unrealized Gains (Losses) on Investment Securities Available for Sale (1) For the Three Months Ended September 30 , For the Nine Months Ended September 30 , 201 7 201 6 201 7 201 6 Balance at the beginning of the period $ (8 ) $ 1 $ (38 ) $ (12 ) Other comprehensive income (loss) before classifications 7 (3 ) 37 10 Amount reclassified from accumulated other comprehensive income (loss) - - - - Total other comprehensive income (loss) 7 (3 ) 37 10 Balance at the end of the period $ (1 ) $ (2 ) $ (1 ) $ (2 ) _______________ ( 1 All amounts are net of tax. Amounts in parentheses indicate debits. |
Note 4 - Investment in Interest
Note 4 - Investment in Interest-earning Time Deposits | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Investments and Other Noncurrent Assets [Text Block] | N o te 4 – Investment in Interest-Earning Time Deposits The investment in interest-earning time deposits as of September 30, 2017 December 31, 2016, : September 30 , 201 7 December 31, 201 6 Investment in interest-earning time deposits Due in one year or less $ 761 $ 2,849 Due after one year through five years 4,118 3,249 Total $ 4,879 $ 6,098 |
Note 5 - Investment Securities
Note 5 - Investment Securities Available for Sale | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | N ote 5 – Investment Securities Available for Sale The amortized co st, gross unrealized gains and losses, and fair value of investment securities available for sale at September 30, 2017 December 31, 2016 September 30 , 201 7 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Governmental National Mortgage Association securities $ 5,884 $ 20 $ - $ 5,904 Federal Home Loan Mortgage Corporation securities 1,605 - (15 ) 1,590 Federal National Mortgage Association securities 586 - (3 ) 583 Total mortgage-backed securities 8,075 20 (18 ) 8,077 Debt securities: U.S. government agency 360 - (3 ) 357 Total available-for-sale-securities $ 8,435 $ 20 $ (21 ) $ 8,434 December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Governmental National Mortgage Association securities $ 6,608 $ 1 $ (19 ) $ 6,590 Federal Home Loan Mortgage Corporation securities 1,892 - (21 ) 1,871 Federal National Mortgage Association securities 752 - (12 ) 740 Total mortgage-backed securities 9,252 1 (52 ) 9,201 Debt securities: U.S. government agency 360 - (6 ) 354 Total available-for-sale-securities $ 9,612 $ 1 $ (58 ) $ 9,555 The amortized cost and fair value of debt securities at September 30, 2017, may Available for Sale Amortized Cost Fair Value D ebt securities Due after one year through five years $ 360 $ 357 Due after ten years 8,075 8,077 Total $ 8,435 $ 8,434 The following tables show the Company ’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2017 December 31, 2016 ( September 30 , 201 7 Less than Twelve Months Twelve Months or Greater Total Number of Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized Federal Home Loan Mortgage Corporation mortgage-backed securities 2 $ 768 $ (8 ) $ 822 $ (7 ) $ 1,590 $ (15 ) Federal National Mortgage Association mortgage-backed securities 1 - - 583 (3 ) 583 (3 ) Debt securities, U.S. government agency 1 - - 357 (3 ) 357 (3 ) Total 4 $ 768 $ (8 ) $ 1,762 $ (13 ) $ 2,530 $ (21 ) December 31 , 2016 Less than Twelve Months Twelve Months or Greater Total Number of Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized Governmental National Mortgage Association mortgage-backed securities 8 $ 5,874 $ (19 ) $ - $ - $ 5,874 $ (19 ) Federal Home Loan Mortgage Corporation mortgage-backed securities 2 1,871 (21 ) - - 1,871 (21 ) Federal National Mortgage Association mortgage-backed securities 1 740 (12 ) - - 740 (12 ) Debt securities, U.S. government agency 1 354 (6 ) - - 354 (6 ) Total 12 $ 8,839 $ (58 ) $ - $ - $ 8,839 $ (58 ) At September 30, 2017, four 0.80% may not September 30, 2017 no three nine September 30, 2017 2016. |
Note 6 - Loans Receivable, Net
Note 6 - Loans Receivable, Net and Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | Note 6 - Loans Receivable, Net and Allowance for Loan Losses The composition of net loans receivable is as follows (in thousands): September 30 , 201 7 December 31, 201 6 Real estate loans: One-to-four family residential: Owner occupied $ 5,434 $ 5,389 Non-owner occupied 52,501 51,893 Total one-to-four family residential 57,935 57,282 Multi-family (five or more) residential 20,326 14,641 Commercial real estate 86,800 77,730 Construction 15,387 15,355 Home equity 4,201 4,775 Total real estate loans 184,649 169,783 Commercial business 11,571 9,295 Other consumer 43 26 Total Loans 196,263 179,104 Deferred loan fees and costs (757 ) (692 ) Allowance for loan losses (1,735 ) (1,605 ) Net Loans $ 193,771 $ 176,807 The following tables present the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company ’s internal risk rating system as of September 30, 2017 December 31, 2016 (in thousands): September 30 , 201 7 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 5,434 $ - $ - $ - $ 5,434 One-to-four family residential non-owner occupied 51,963 - 538 - 52,501 Multi-family residential 20,326 - - - 20,326 Commercial real estate 85,716 117 967 - 86,800 Construction 13,318 - 2,069 - 15,387 Home equity 4,201 - - - 4,201 Commercial business 11,535 36 - - 11,571 Other consumer 43 - - - 43 Total $ 192,536 $ 153 $ 3,574 $ - $ 196,263 December 31, 2016 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 5,389 $ - $ - $ - $ 5,389 One-to-four family residential non-owner occupied 50,864 122 907 - 51,893 Multi-family residential 14,641 - - - 14,641 Commercial real estate 76,281 117 1,332 - 77,730 Construction 13,355 - 2,000 - 15,355 Home equity 4,775 - - - 4,775 Commercial business 9,295 - - - 9,295 Other consumer 26 - - - 26 Total $ 174,626 $ 239 $ 4,239 $ - $ 179,104 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not September 30, 2017 September 30 , 201 7 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 565 565 - 1,058 18 Multi-family residential - - - - - Commercial real estate 398 398 - 398 - Construction 2,069 2,069 - 2,061 58 Home equity 46 46 - 48 4 Commercial business - - - - - Other consumer - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 170 170 38 95 4 Multi-family residential - - - - - Commercial real estate 133 133 1 395 7 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 735 735 38 1,153 22 Multi-family residential - - - - - Commercial real estate 531 531 1 793 7 Construction 2,069 2,069 - 2,061 58 Home equity 46 46 - 48 4 Commercial business - - - - - Other consumer - - - - - Total $ 3,381 $ 3,381 $ 39 $ 4,055 $ 91 The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not December 31, 201 6 December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 925 925 - 1,208 56 Multi-family residential - - - - - Commercial real estate 660 660 - 660 7 Construction - - - - - Home equity 49 49 - 82 6 Commercial business - - - - - Other consumer - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 167 167 28 169 8 Multi-family residential - - - - - Commercial real estate 133 133 11 133 9 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 1,092 1,092 28 1,377 64 Multi-family residential - - - - - Commercial real estate 793 793 11 793 16 Construction - - - - - Home equity 49 49 - 82 6 Commercial business - - - - - Other consumer - - - - - Total $ 1,934 $ 1,934 $ 39 $ 2,252 $ 86 The loan portfolio also includes certain loans that have been modified in a troubled debt restructuring, where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from loss mitigation activities and could include reductions in the interest rate, payment extensions, forbearance, or other actions. At September 30, 2017, eight $719,000 eight December 31, 2016, eight $733,000 not nine nine September 30, 2017, no The following tables present the Company ’s TDR loans as of September 30, 2017 December 31, 2016 ( September 30 , 201 7 Number of Contracts Recorded Investment Non-Accrual Accruing Related Allowance One-to-four family residential owner occupied - $ - $ - $ - $ - One-to-four family residential non-owner occupied 5 540 - 540 21 Multi-family residential - - - - - Commercial real estate 1 133 - 133 1 Construction - - - - - Home equity 2 46 - 46 - Commercial business - - - - - Other consumer - - - - - Total 8 $ 719 $ - $ 719 $ 22 December 31, 2016 Number of Contracts Recorded Investment Non-Accrual Accruing Related Allowance One-to-four family residential owner occupied - $ - $ - $ - $ - One-to-four family residential non-owner occupied 5 551 - 551 28 Multi-family residential - - - - - Commercial real estate 1 133 - 133 11 Construction - - - - - Home equity 2 49 - 49 - Commercial business - - - - - Other consumer - - - - - Total 8 $ 733 $ - $ 733 $ 39 The contractual aging of the TDRs in the table above as of September 30, 2017 December 31, 2016 September 30 , 201 7 Accruing Past Due Less than 30 Days Past Due 30-89 Days 90 Days or More Past Due Non-Accrual Total One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 540 - - - 540 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity 46 - - - 46 Commercial business - - - - - Other consumer - - - - - Total $ 719 $ - $ - $ - $ 719 December 31, 201 6 Accruing Past Due Less than 30 Days Past Due 30-89 Days 90 Days or More Past Due Non-Accrual Total One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 551 - - - 551 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity 49 - - - 49 Commercial business - - - - - Other consumer - - - - - Total $ 733 $ - $ - $ - $ 733 Any reserve for an impaired TDR loan is based upon the present value of the future expected cash flows discounted at the loan ’s original effective rate or upon the fair value of the collateral less costs to sell, if the loan is deemed collateral dependent. At September 30, 2017 no The general practice of the Bank is to work with borrowers so that they are able to pay back their loan in full. If a borrower continues to be delinquent or cannot meet the terms of a TDR modification and the loan is determined to be uncollectible, the loan will be charged off. Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the three and nine September 30, 2017 September 30, 2017 ( September 30 , 2017 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi- Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total For the Three Months Ended September 30 , 201 7 Allowance for loan losses: Beginning balance $ 45 $ 465 $ 156 $ 645 $ 137 $ 41 $ 111 $ 90 $ 1,690 Charge-offs - (38 ) - - - - - - (38 ) Recoveries - - - - - - - - - Provision (2 ) 93 (14 ) 10 (4 ) (18 ) 18 - 83 Ending balance $ 43 $ 520 $ 142 $ 655 $ 133 $ 23 $ 129 $ 90 $ 1,735 For the Nine Months Ended September 30 , 201 7 Allowance for loan losses: Beginning balance $ 41 $ 503 $ 103 $ 616 $ 138 $ 37 $ 87 $ 80 $ 1,605 Charge-offs - (38 ) - (24 ) - - - - (62 ) Recoveries - - - 3 - - - - 3 Provision 2 55 39 60 (5 ) (14 ) 42 10 189 Ending balance $ 43 $ 520 $ 142 $ 655 $ 133 $ 23 $ 129 $ 90 $ 1,735 Ending balance evaluated for impairment: Individually $ - $ 38 $ - $ 1 $ - $ - $ - $ - $ 39 Collectively $ 43 $ 482 $ 142 $ 654 $ 133 $ 23 $ 129 $ 90 $ 1,696 Loans receivable: Ending balance: $ 5,434 $ 52,501 $ 20,326 $ 86,800 $ 15,387 $ 4,201 $ 11,614 $ - $ 196,263 Ending balance evaluated for impairment: Individually $ - $ 735 $ - $ 531 $ 2,069 $ 46 $ - $ - $ 3,381 Collectively $ 5,434 $ 51,766 $ 20,326 $ 86,269 $ 13,318 $ 4,155 $ 11,614 $ - $ 192,882 The Bank allocated increased allowance for loan loss provisions to the 1 4 three nine September 30, 2017, three nine September 30, 2017, three nine September 30, 2017, nine September 30, 2017, three nine September 30, 2017, Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the three nine September 30, 2016 ( September 30 , 2016 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi-Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total For the Three Months Ended September 30 , 2016 Allowance for loan losses: Beginning balance $ 46 $ 525 $ 66 $ 484 $ 115 $ 51 $ 37 $ 100 $ 1,424 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (9 ) 25 (11 ) 63 28 (19 ) 14 (30 ) 61 Ending balance $ 37 $ 550 $ 55 $ 547 $ 143 $ 32 $ 51 $ 70 $ 1,485 For the Nine Months Ended September 30 , 2016 Allowance for loan losses: Beginning balance $ 55 $ 486 $ 81 $ 389 $ 153 $ 50 $ 18 $ 81 $ 1,313 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (18 ) 64 (26 ) 158 (10 ) (18 ) 33 (11 ) 172 Ending balance $ 37 $ 550 $ 55 $ 547 $ 143 $ 32 $ 51 $ 70 $ 1,485 Ending balance evaluated for impairment: Individually $ - $ 30 $ - $ 11 $ - $ - $ - $ - $ 41 Collectively $ 37 $ 520 $ 55 $ 536 $ 143 $ 32 $ 51 $ 70 $ 1,444 The Bank allocated increased allowance for loan loss provisions to the commercial real estate and lines of credit, the 1 4 three nine September 30, 2016, three September 30, 2016, Following is a summary, by loan portfolio class, of changes in the allowance for loan losses for the year ended December 31, 2016 December 31, 2016 ( December 31, 201 6 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi-Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 55 $ 486 $ 81 $ 389 $ 153 $ 50 $ 18 $ 81 $ 1,313 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (14 ) 17 22 227 (15 ) (13 ) 69 (1 ) 292 Ending balance $ 41 $ 503 $ 103 $ 616 $ 138 $ 37 $ 87 $ 80 $ 1,605 Ending balance evaluated for impairment Individually $ - $ 28 $ - $ 11 $ - $ - $ - $ - $ 39 Collectively $ 41 $ 475 $ 103 $ 605 $ 138 $ 37 $ 87 $ 80 $ 1,566 Loans receivable: Ending balance $ 5,389 $ 51,893 $ 14,641 $ 77,730 $ 15,355 $ 4,775 $ 9,321 $ - $ 179,104 Ending balance evaluated for impairment Individually $ - $ 1,092 $ - $ 793 $ - $ 49 $ - $ - $ 1,934 Collectively $ 5,389 $ 50,801 $ 14,641 $ 76,937 $ 15,355 $ 4,726 $ 9,321 $ - $ 177,170 The Bank allocated increased allowance for loan loss provisions to the commercial real estate, commercial business, and multi-family portfolio classes for the year ended December 31, 2016, loan loss provisions to the one four December 31, 2016, one four December 31, 2016 The following table presents nonaccrual loans by classes of the loan portfolio as of September 30, 2017 December 31, 2016 ( September 30 , 201 7 December 31, 201 6 One-to-four family residential owner occupied $ - $ - One-to-four family residential non-owner occupied 195 541 Multi-family residential - -- Commercial real estate 398 660 Construction 2,069 - Home equity - - Commercial business - - Other consumer - - Total $ 2,662 $ 1,201 Non-performing loans, which consist of non-accruing loans plus accruing loans 90 3.5 $1.9 September 30, 2017 December 31, 2016, For the three nine September 30, 2017 2016 no $63,000 $103,000 three nine September 30, 2017, $26,000 $82,000 three nine September 30, 2016, The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the past due status as of September 30, 2017 December 31, 2016 ( September 30 , 201 7 30- 89 Days Past Due 90 Days or M ore Pas t Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 468 $ 417 $ 885 $ 4,549 $ 5,434 $ 417 One-to-four family residential non-owner occupied 611 439 1,050 51,451 52,501 244 Multi-family residential 81 - 81 20,245 20,326 - Commercial real estate 2,603 617 3,220 83,580 86,800 219 Construction 509 2,069 2,578 12,809 15,387 - Home equity 34 - 34 4,167 4,201 - Commercial business - - - 11,571 11,571 - Other consumer - - - 43 43 - Total $ 4,306 $ 3,542 $ 7,848 $ 188,415 $ 196,263 $ 880 December 31, 2016 30- 89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 310 $ 9 $ 319 $ 5,070 $ 5,389 $ 9 One-to-four family residential non-owner occupied 271 778 1,049 50,844 51,893 237 Multi-family residential - - - 14,641 14,641 - Commercial real estate 385 777 1,162 76,568 77,730 117 Construction 596 308 904 14,451 15,355 308 Home equity 115 - 115 4,660 4,775 - Commercial business 43 - 43 9,252 9,295 - Other consumer - - - 26 26 - Total $ 1,720 $ 1,872 $ 3,592 $ 175,512 $ 179,104 $ 671 |
Note 7 - Goodwill and Other Int
Note 7 - Goodwill and Other Intangible, Net | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 7 – Goodwill and Other Intangible, Net On August 1, 2016, $1.0 $515,000 $485,000 ten The balance of other intangible assets at September 30, 2017 $428,000 $57,000. three nine September 30, 2017 $13,000 $37,000, |
Note 8 - Deposits
Note 8 - Deposits | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | N ote 8 – Deposits Deposits consist of the following classifications (in thousands): September 30 , 201 7 December 31, 201 6 Non-interest bearing checking accounts $ 7,713 $ 5,852 Passbook accounts 534 1,189 Savings accounts 1,584 1,784 Money market accounts 30,151 31,114 Certificates of deposit 142,416 137,068 Total deposits $ 182,398 $ 177,007 |
Note 9 - Borrowings
Note 9 - Borrowings | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | N ote 9 – Borrowings Federal Home Loan Bank advances consist of the following at September 30, 2017 December 31, 2016 ( September 30 , 201 December 31, 201 Amount Weighted Interest Rate Amount Weighted Interest Rate Short-term borrowings $ 11,500 1.27 % $ 7,000 0.54 % Fixed rate borrowings maturing: 2017 $ - - % $ 2,500 1.15 % 2018 3,000 1.46 3,000 1.46 2019 3,000 1.86 2,000 1.95 2020 2,000 2.00 1,000 2.15 2021 2,000 1.96 - - 2022 2,000 2.12 - - 2023 2,000 2.28 - - Total FHLB long-term debt $ 14,000 1.90 % $ 8,500 1.56 % |
Note 10 - Stock Compensation Pl
Note 10 - Stock Compensation Plans | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 1 0 – Stock Compensation Plans Employee Stock Ownership Plan The Company maintains an Employee Stock Ownership Plan (ESOP) for the benefit of employees who meet the eligibility requirements of the plan. Using proceeds from a loan from the Company, the ESOP purchased 8%, 222,180 ’s then outstanding common stock in the open market during 2007. 7.75% 15 Shares of the Company ’s common stock purchased by the ESOP are held in a suspense account and reported as unallocated common stock held by the ESOP in stockholders’ equity until released for allocation to participants. As the debt is repaid, shares are released from collateral and are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes compensation expense equal to the average market value of the shares, and the shares become outstanding for earnings per share computations. During the three nine September 30, 2017, $46,000 $138,000 three nine September 30, 2016, $43,000 $129,000 Recognition & Retention and Stock Incentive Plan s In May 2008, 2008 2008 111,090 ’s stock in the open market at an price of $4.68 $520,000. May 2013, 2013 no 48,750, 25%, may As of September 30, 2017, 10,261 21,968 none five A sum mary of the status of the share awards under the RRP and Stock Incentive Plan as of September 30, 2017 2016 nine September 30, 2017 2016 September 30 , 2017 September 30 , 2016 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Unvested at the beginning of the period 20,524 $ 8.10 30,784 $ 8.10 Granted - - - - Vested (10,263 ) 8.10 (10,260 ) 8.10 Forfeited - - - - Unvested at the end of the period 10,261 $ 8.10 20,524 $ 8.10 Compensation expense on the restricted stock awards is recognized ratably over the five the three nine September 30, 2017 2016, $21,000 $63,000 $7,000 $21,000 September 30, 2017, $52,000 0.6 Stock Option and Stock Incentive Plans I n May 2008, 2008 277,726 no May 2013 195,000 48,750 may 146,250 For grants in May 2008, $5.00 422 As of September 30, 2017, 277,548 56,276 none five ten A summary of option activity under the Company’s Option Plan and Stock Incentive Plan of September 30, 2017 2016 nine September 30, 2017 and 2016 as follows: 201 7 201 6 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Outstanding at the beginning of the year 316,348 $ 6.49 3.8 354,266 $ 6.33 4.7 Granted - - - - - - Exercised (38,800 ) 5.00 - (26,518 ) 5.00 - Forfeited - - - - - - Outstanding at end of period 277,548 $ 6.70 3.4 327,748 $ 6.44 4.0 Exercisable at end of period 247,228 $ 6.53 3.1 266,148 $ 6.06 1.6 During the three nine September 30, 2017 2016, $12,000 $34,000 $1,000 $3,000, September 30, 2017, $28,000 0.6 |
Note 11 - Fair Value Measuremen
Note 11 - Fair Value Measurements and Fair Values of Financial Instruments | 9 Months Ended |
Sep. 30, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 1 1 – Fair Value Measurements and Fair Values of Financial Instruments Fair value estimates are based on quoted market prices, if available, quoted market prices of similar assets or liabilities, or the present value of expected future cash flows and other valuation techniques. These valuations are significantly affected by discount rates, cash flow assumptions, and risk assumptions used. Therefore, fair value estimates may not not may Fair value is determined at one not not not not The following disclosures show the hierarchal disclosure framework associated with the level of pricing observations utilized in measuring assets and liabilities at fair value. The three Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair-valued using other financial instruments, the parameters of which can be directly observed. Level III: Valuations derived from valuation techniques in which one This hierarchy requires the use of observable market data when available. The following is a discussion of assets and liabilities measured at fair value on a recurring basis and valuation techniques applied: Investment Securities Available-For-Sale: The fair value of securities available for sale are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1 2 We may Impaired Loans: Impaired loans are carried at the lower of cost or the fair value of the collateral for collateral-dependent loans less estimated costs to sell. Collateral is primarily in the form of real estate. The use of independent appraisals, discounted cash flow models and management’s best judgment are significant inputs in arriving at the fair value measure of the underlying collateral and impaired loans are therefore classified within level 3 Other Real Estate Owned: Other real estate owned is carried at the lower of the investment in the real estate or the fair value of the real estate less estimated selling costs. The use of independent appraisals and management’s best judgment are significant inputs in arriving at the fair value measure of the underlying collateral and therefore other real estate owned is classified within level 3 The table below sets forth the financial assets and liabilities that were accounted for on a recurring and nonrecurring basis by level within the fair value hierarchy as of September 30, 2017 ( September 30 , 201 7 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements Investment securities available for sale Governmental National Mortgage Association mortgage-backed securities $ 5,904 $ - $ 5,904 $ - Federal Home Loan Mortgage Corporation mortgage-backed securities 1,590 - 1,590 - Federal National Mortgage Association mortgage- backed securities 583 - 583 - Debt securities, U.S. government agency 357 - 357 - Total investment securities available for sale $ 8,434 $ - $ 8,434 $ - Nonrecurring fair value measurements Impaired loans $ 3,342 $ - $ - $ 3,342 Other real estate owned 185 - - 185 The table below sets forth the financial assets and liabilities that were accounted for on a recurring and nonrecurring basis by level within the fair value hierarchy as of December 31, 201 6 December 31, 2016 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements Investment securities available for sale Governmental National Mortgage Association mortgage-backed securities $ 6,590 $ - $ 6,590 $ - Federal Home Loan Mortgage Corporation mortgage-backed securities 1,871 - 1,871 - Federal National Mortgage Association mortgage- backed securities 740 - 740 - Debt securities, U.S. government agency 354 - 354 - Total investment securities available for sale $ 9,555 $ - $ 9,555 $ - Nonrecurring fair value measurements Impaired loans $ 1,895 $ - $ - $ 1,895 Other real estate owned 435 - - 435 The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has used Level 3 September 30, 2017 December 31, 2016 ( September 30 , 201 7 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 3,342 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 23% (1%) Other real estate owned $ 185 Appraisal of collateral (1) Appraisal adjustments ( 2) 0% - 10% (10%) December 31, 201 6 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 1,895 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 22% (2%) Other real estate owned $ 435 Appraisal of collateral (1) Appraisal adjustments ( 2) 0% - 29% (12%) ________________ ( 1 Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 ( 2 Appraisals may The estimated fair values of the Company ’s financial instruments were as follows at September 30, 2017 December 31, 2016 Fair Value Measurements at September 30, 2017 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Cash and cash equivalents $ 8,229 $ 8,229 $ 8,229 $ - $ - Investment in interest-earning time deposits 4,879 4,935 - - 4,935 Investment securities available for sale 8,434 8,434 - 8,434 - Loans held for sale 6,473 6,741 - 6,741 - Loans receivable, net 193,771 194,955 - - 194,955 Accrued interest receivable 925 925 925 - - Investment in FHLB stock 1,134 1,134 1,134 - - Bank-owned life insurance 3,793 3,793 3,793 - - Financial Liabilities Deposits 182,398 183,882 39,982 - 143,900 FHLB short-term borrowings 11,500 11,500 11,500 - - FHLB long-term borrowings 14,000 13,997 - - 13,997 Accrued interest payable 147 147 147 - - Fair Value Measurements at December 31, 201 6 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Cash and cash equivalents $ 9,300 $ 9,300 $ 9,300 $ - $ - Investment in interest-earning time deposits 6,098 6,163 - - 6,163 Investment securities available for sale 9,555 9,555 - 9,555 - Loans held for sale 4,712 4,879 - 4,879 - Loans receivable, net 176,807 177,870 - - 177,870 Accrued interest receivable 862 862 862 - - Investment in FHLB stock 713 713 713 - - Bank-owned life insurance 3,728 3,728 3,728 - - Financial Liabilities Deposits 177,007 179,050 39,939 - 139,111 FHLB short-term borrowings 7,000 7,000 7,000 - - FHLB long-term borrowings 8,500 8,507 - - 8,507 Accrued interest payable 142 142 142 - - The following methods and assumptions were used to measure the fair value of financial instruments recorded at cost on the Company ’s consolidated balance sheets: Cash and Cash Equivalents. The carrying amounts reported in the consolidated balance sheets for cash and short-term instruments approximate those assets’ fair values. Interest-Earning Time Deposits. Fair values for interest-earning time deposits are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. The Company generally purchases amounts below the insured limit, limiting the amount of credit risk on these time deposits. Loans Held for Sale . Fair values of loans held for sale are based on commitments on hand from investors at prevailing market rates. Loans Receivable, Net. The fair values of loans are estimated using discounted cash flow methodology. The discount rates take into account interest rates currently being offered to customers for loans with similar terms, the credit risk associated with the loan and market factors, including liquidity. The valuation of the loan portfolio reflects discounts that the Company believes are consistent with transactions occurring in the market place for both performing and distressed loan types. The carrying value that fair value is compared to is net of the allowance for loan losses and other associated premiums and discounts. Due to the significant judgment involved in evaluating credit quality, loans are classified with Level 3 Accrued Interest Receivable. The carrying amount of accrued interest receivable approximates its fair value. Investment in Federal Home Loan Bank Stock. The carrying amount of restricted investment in Federal Home Loan Bank stock approximates fair value, and considers the limited marketability of such securities. Bank-Owned Life Insurance. The carrying amount of the investment in bank-owned life insurance approximates its cash surrender value under the insurance policies. Deposits. The carrying amount is considered a reasonable estimate of fair value for demand savings deposit accounts. The fair value of fixed maturity certificates of deposit is estimated by a discounted cash flow method using the rates currently offered for deposits of similar maturities. Federal Home Loan Bank Borrowings. Fair values of FHLB borrowings are estimated based on rates currently available to the Company for similar terms and remaining maturities. Accrued Interest Payable. The carrying amount of accrued interest payable approximates its fair value. Off-Balance Sheet Financial Instruments. Off-balance sheet financial instruments consist of commitments to extend credit. Fair values for commitments to extend credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreement and the present credit standing of the counterparties. The estimated fair value of the commitments to extend credit are insignificant and therefore are not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Financial Presentation. The consolidated financial statements include the accounts of Quaint Oak Bancorp, Inc., a Pennsylvania chartered corporation (the "Company" or "Quaint Oak Bancorp") and its wholly owned subsidiary, Quaint Oak Bank, a Pennsylvania chartered stock savings bank (“Bank”), along with its wholly owned subsidiaries. At September 30, 2017, five July 2009. July 2012 August 1, 2016, The Bank is subject to regulation by the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation. Pursuant to the Bank ’s election under Section 10 two December 2014, The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP) for interim information and with the instructions to Form 10 not The foregoing consolidated financial statements are unaudited; but in the opinion of management include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation thereof. The balances as of December 31, 2016 2016 10 three nine September 30, 2017 not may December 31, 2017. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates in the Preparation of Financial Statements. The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. The Company’s most significant estimates are the determination of the allowance for loan losses and the valuation of deferred tax assets. |
Finance, Loans and Leases Receivable, Policy [Policy Text Block] | Loans Receivable. The loans receivable portfolio is segmented into residential loans, commercial real estate loans, construction loans and consumer loans. The residential loan segment has two one four one four five loans to businesses for working capital, purchase of a business, tenant improvements, receivables, purchase of inventory, and for the purchase of business essential equipment. Business essential equipment is equipment necessary for a business to support or assist with the day-to-day operation or profitability of the business. The consumer loan segment consists of the following classes: home equity loans and other consumer loans. Included in the home equity class are home equity loans and home equity lines of credit. Included in the other consumer are loans secured by saving accounts. The accrual of interest is generally discontinued when principal or interest has become 90 ’s judgment as to the collectability of principal. Generally, a loan is restored to accrual status when the obligation is brought current, it has performed in accordance with the contractual terms for a reasonable period of time and the ultimate collectability of the total contractual principal and interest is no |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses. no The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably anticipated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company ’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may may The allowance consists of specific, general and unallocated components. The specific component relates to loans that are designated as impaired. For loans that are designated as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these categories of loans, adjusted for qualitative factors. These significant factors may A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not considered impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. A loan is identified as a troubled debt restructuring (“TDR”) if the Company, for economic or legal reasons related to a debtor’s financial difficulties, grants a concession to the debtor that it would not For loans secured by real estate, estimated fair values are determined primarily through third the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower ’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for all loans (except one four $500,000, may not may may not |
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | Loans Held for Sale . Loans originated by the Bank’s mortgage banking subsidiary, Quaint Oak Mortgage, LLC, are intended for sale in the secondary market and are carried at the lower of cost or fair value (LOCOM). Gains and losses on loan sales (sales proceeds minus carrying value) are recorded in noninterest income, and direct loan origination costs, commissions and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan. |
Federal Home Loan Bank Stock [Policy Text Block] | Federal Home Loan Bank Stock . Federal law requires a member institution of the Federal Home Loan Bank (FHLB) system to hold restricted stock of its district Federal Home Loan Bank according to a predetermined formula. FHLB stock is carried at cost and evaluated for impairment. When evaluating FHLB stock for impairment, its value is determined based on the ultimate recoverability of the par value of the stock. We evaluate our holdings of FHLB stock for impairment each reporting period. No three nine September 30, 2017 2016. |
Bank Owned Life Insurance [Policy Text Block] | Bank Owned Life Insurance (BOLl). The Company purchases bank owned life insurance as a mechanism for funding various employee benefit costs. The Company is the beneficiary of these policies that insure the lives of certain officers of its subsidiaries. The Company has recognized the cash surrender value under the insurance policies as an asset in the consolidated balance sheets. Changes in the cash surrender value are recorded in non-interest income in the consolidated statements of income. |
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block] | Intangible Assets. Intangible assets on the consolidated balance sheets represent the acquisition by Quaint Oak Insurance Agency of the renewal rights to the book of business produced and serviced by Signature Insurance Services, LLC on August 1, 2016 $1.0 $515,000 $485,000 ten The Company will complete a goodwill and other intangible asset analysis at least on an annual basis or more often if events and circumstances indicate that there may |
Loans and Leases Receivable, Real Estate Acquired Through Foreclosure, Policy [Policy Text Block] | Other Real Estate Owned , Net . no one four September 30, 2017. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Share -Based Compensation. At September 30, 2017, three 2008 2008 2013 May 2008 2013. 10. The Company also has an employee stock ownership plan (“ESOP”). This plan is more fully described in Note 10. |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income (Loss) . |
Earnings Per Share, Policy [Policy Text Block] | Earnings per Share. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements. In May 2014, 2014 09, Revenue from Contracts with Customers December 15, 2016, not not change from our current accounting for revenue because the majority of the Company's financial instruments are not 606. In January 2016, ASU 2016 01, Financial Instruments – Overall (Subtopic 825 10 not December 15, 2017, In February 2016, ASU 2016 02, Leases (Topic 842 one 12 not may December 15, 2018, may not 1% In June 2016, ASU 2016 13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be effected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. ASU 2016 13 December 15, 2019, December 15, 2018. first one first one In August 2016, 2016 15, Statement of Cash Flows (Topic 230 eight may December 15, 2017, In December 2016, 2016 20, Technical Corrections and Improvements to Topic 606, 460, not 606. 2016 20 January 1, 2018. In January 2017, 2017 04, Simplifying the Test for Goodwill Impairment 2 2, , an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting units fair value; however, the loss recognized should not December 15, 2019. This Update is not . In March 2017, 2017 08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310 20 The amendments in this Update shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosures about a change in accounting principle. This Update is not . In May 2017, 2017 09, Compensation – Stock Compensation (Topic 718 not not December 15, 2017. 1 not 2 not This Update is not . |
Reclassification, Policy [Policy Text Block] | Reclassifications. 2016 2017 not no |
Note 2 - Earnings Per Share (Ta
Note 2 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended September 30 , For the Nine Months Ended September 30 , 201 7 201 6 201 7 201 6 Net Income $ 595,000 $ 402,000 $ 1,290,000 $ 1,043,000 Weighted average shares outstanding – basic 1,868,969 1,792,673 1,857,682 1,774,343 Effect of dilutive common stock equivalents 138,850 157,740 140,456 161,414 Adjusted weighted average shares outstanding – diluted 2,007,819 1,950,413 1,998,138 1,935,757 Basic earnings per share $ 0.32 $ 0.22 $ 0.69 $ 0.59 Diluted earnings per share $ 0.30 $ 0.21 $ 0.65 $ 0.54 |
Note 3 - Accumulated Other Co22
Note 3 - Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Unrealized Gains (Losses) on Investment Securities Available for Sale (1) For the Three Months Ended September 30 , For the Nine Months Ended September 30 , 201 7 201 6 201 7 201 6 Balance at the beginning of the period $ (8 ) $ 1 $ (38 ) $ (12 ) Other comprehensive income (loss) before classifications 7 (3 ) 37 10 Amount reclassified from accumulated other comprehensive income (loss) - - - - Total other comprehensive income (loss) 7 (3 ) 37 10 Balance at the end of the period $ (1 ) $ (2 ) $ (1 ) $ (2 ) |
Note 4 - Investment in Intere23
Note 4 - Investment in Interest-earning Time Deposits (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Investments in Interest-Earning Time Deposits by Contractual Maturity [Table Text Block] | September 30 , 201 7 December 31, 201 6 Investment in interest-earning time deposits Due in one year or less $ 761 $ 2,849 Due after one year through five years 4,118 3,249 Total $ 4,879 $ 6,098 |
Note 5 - Investment Securitie24
Note 5 - Investment Securities Available for Sale (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | September 30 , 201 7 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Governmental National Mortgage Association securities $ 5,884 $ 20 $ - $ 5,904 Federal Home Loan Mortgage Corporation securities 1,605 - (15 ) 1,590 Federal National Mortgage Association securities 586 - (3 ) 583 Total mortgage-backed securities 8,075 20 (18 ) 8,077 Debt securities: U.S. government agency 360 - (3 ) 357 Total available-for-sale-securities $ 8,435 $ 20 $ (21 ) $ 8,434 December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Available for Sale: Mortgage-backed securities: Governmental National Mortgage Association securities $ 6,608 $ 1 $ (19 ) $ 6,590 Federal Home Loan Mortgage Corporation securities 1,892 - (21 ) 1,871 Federal National Mortgage Association securities 752 - (12 ) 740 Total mortgage-backed securities 9,252 1 (52 ) 9,201 Debt securities: U.S. government agency 360 - (6 ) 354 Total available-for-sale-securities $ 9,612 $ 1 $ (58 ) $ 9,555 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available for Sale Amortized Cost Fair Value D ebt securities Due after one year through five years $ 360 $ 357 Due after ten years 8,075 8,077 Total $ 8,435 $ 8,434 |
Schedule of Unrealized Loss on Investments [Table Text Block] | September 30 , 201 7 Less than Twelve Months Twelve Months or Greater Total Number of Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized Federal Home Loan Mortgage Corporation mortgage-backed securities 2 $ 768 $ (8 ) $ 822 $ (7 ) $ 1,590 $ (15 ) Federal National Mortgage Association mortgage-backed securities 1 - - 583 (3 ) 583 (3 ) Debt securities, U.S. government agency 1 - - 357 (3 ) 357 (3 ) Total 4 $ 768 $ (8 ) $ 1,762 $ (13 ) $ 2,530 $ (21 ) December 31 , 2016 Less than Twelve Months Twelve Months or Greater Total Number of Fair Value Gross Unrealized Fair Value Gross Unrealized Fair Value Gross Unrealized Governmental National Mortgage Association mortgage-backed securities 8 $ 5,874 $ (19 ) $ - $ - $ 5,874 $ (19 ) Federal Home Loan Mortgage Corporation mortgage-backed securities 2 1,871 (21 ) - - 1,871 (21 ) Federal National Mortgage Association mortgage-backed securities 1 740 (12 ) - - 740 (12 ) Debt securities, U.S. government agency 1 354 (6 ) - - 354 (6 ) Total 12 $ 8,839 $ (58 ) $ - $ - $ 8,839 $ (58 ) |
Note 6 - Loans Receivable, Ne25
Note 6 - Loans Receivable, Net and Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30 , 201 7 December 31, 201 6 Real estate loans: One-to-four family residential: Owner occupied $ 5,434 $ 5,389 Non-owner occupied 52,501 51,893 Total one-to-four family residential 57,935 57,282 Multi-family (five or more) residential 20,326 14,641 Commercial real estate 86,800 77,730 Construction 15,387 15,355 Home equity 4,201 4,775 Total real estate loans 184,649 169,783 Commercial business 11,571 9,295 Other consumer 43 26 Total Loans 196,263 179,104 Deferred loan fees and costs (757 ) (692 ) Allowance for loan losses (1,735 ) (1,605 ) Net Loans $ 193,771 $ 176,807 |
Financing Receivable Credit Quality Indicators [Table Text Block] | September 30 , 201 7 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 5,434 $ - $ - $ - $ 5,434 One-to-four family residential non-owner occupied 51,963 - 538 - 52,501 Multi-family residential 20,326 - - - 20,326 Commercial real estate 85,716 117 967 - 86,800 Construction 13,318 - 2,069 - 15,387 Home equity 4,201 - - - 4,201 Commercial business 11,535 36 - - 11,571 Other consumer 43 - - - 43 Total $ 192,536 $ 153 $ 3,574 $ - $ 196,263 December 31, 2016 Pass Special Mention Substandard Doubtful Total One-to-four family residential owner occupied $ 5,389 $ - $ - $ - $ 5,389 One-to-four family residential non-owner occupied 50,864 122 907 - 51,893 Multi-family residential 14,641 - - - 14,641 Commercial real estate 76,281 117 1,332 - 77,730 Construction 13,355 - 2,000 - 15,355 Home equity 4,775 - - - 4,775 Commercial business 9,295 - - - 9,295 Other consumer 26 - - - 26 Total $ 174,626 $ 239 $ 4,239 $ - $ 179,104 |
Impaired Financing Receivables [Table Text Block] | September 30 , 201 7 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 565 565 - 1,058 18 Multi-family residential - - - - - Commercial real estate 398 398 - 398 - Construction 2,069 2,069 - 2,061 58 Home equity 46 46 - 48 4 Commercial business - - - - - Other consumer - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 170 170 38 95 4 Multi-family residential - - - - - Commercial real estate 133 133 1 395 7 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 735 735 38 1,153 22 Multi-family residential - - - - - Commercial real estate 531 531 1 793 7 Construction 2,069 2,069 - 2,061 58 Home equity 46 46 - 48 4 Commercial business - - - - - Other consumer - - - - - Total $ 3,381 $ 3,381 $ 39 $ 4,055 $ 91 December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 925 925 - 1,208 56 Multi-family residential - - - - - Commercial real estate 660 660 - 660 7 Construction - - - - - Home equity 49 49 - 82 6 Commercial business - - - - - Other consumer - - - - - With an allowance recorded: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 167 167 28 169 8 Multi-family residential - - - - - Commercial real estate 133 133 11 133 9 Construction - - - - - Home equity - - - - - Commercial business - - - - - Other consumer - - - - - Total: One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 1,092 1,092 28 1,377 64 Multi-family residential - - - - - Commercial real estate 793 793 11 793 16 Construction - - - - - Home equity 49 49 - 82 6 Commercial business - - - - - Other consumer - - - - - Total $ 1,934 $ 1,934 $ 39 $ 2,252 $ 86 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | September 30 , 201 7 Number of Contracts Recorded Investment Non-Accrual Accruing Related Allowance One-to-four family residential owner occupied - $ - $ - $ - $ - One-to-four family residential non-owner occupied 5 540 - 540 21 Multi-family residential - - - - - Commercial real estate 1 133 - 133 1 Construction - - - - - Home equity 2 46 - 46 - Commercial business - - - - - Other consumer - - - - - Total 8 $ 719 $ - $ 719 $ 22 December 31, 2016 Number of Contracts Recorded Investment Non-Accrual Accruing Related Allowance One-to-four family residential owner occupied - $ - $ - $ - $ - One-to-four family residential non-owner occupied 5 551 - 551 28 Multi-family residential - - - - - Commercial real estate 1 133 - 133 11 Construction - - - - - Home equity 2 49 - 49 - Commercial business - - - - - Other consumer - - - - - Total 8 $ 733 $ - $ 733 $ 39 |
Contractual Aging of Troubled Debt Restructurings [Table Text Block] | September 30 , 201 7 Accruing Past Due Less than 30 Days Past Due 30-89 Days 90 Days or More Past Due Non-Accrual Total One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 540 - - - 540 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity 46 - - - 46 Commercial business - - - - - Other consumer - - - - - Total $ 719 $ - $ - $ - $ 719 December 31, 201 6 Accruing Past Due Less than 30 Days Past Due 30-89 Days 90 Days or More Past Due Non-Accrual Total One-to-four family residential owner occupied $ - $ - $ - $ - $ - One-to-four family residential non-owner occupied 551 - - - 551 Multi-family residential - - - - - Commercial real estate 133 - - - 133 Construction - - - - - Home equity 49 - - - 49 Commercial business - - - - - Other consumer - - - - - Total $ 733 $ - $ - $ - $ 733 |
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block] | September 30 , 2017 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi- Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total For the Three Months Ended September 30 , 201 7 Allowance for loan losses: Beginning balance $ 45 $ 465 $ 156 $ 645 $ 137 $ 41 $ 111 $ 90 $ 1,690 Charge-offs - (38 ) - - - - - - (38 ) Recoveries - - - - - - - - - Provision (2 ) 93 (14 ) 10 (4 ) (18 ) 18 - 83 Ending balance $ 43 $ 520 $ 142 $ 655 $ 133 $ 23 $ 129 $ 90 $ 1,735 For the Nine Months Ended September 30 , 201 7 Allowance for loan losses: Beginning balance $ 41 $ 503 $ 103 $ 616 $ 138 $ 37 $ 87 $ 80 $ 1,605 Charge-offs - (38 ) - (24 ) - - - - (62 ) Recoveries - - - 3 - - - - 3 Provision 2 55 39 60 (5 ) (14 ) 42 10 189 Ending balance $ 43 $ 520 $ 142 $ 655 $ 133 $ 23 $ 129 $ 90 $ 1,735 Ending balance evaluated for impairment: Individually $ - $ 38 $ - $ 1 $ - $ - $ - $ - $ 39 Collectively $ 43 $ 482 $ 142 $ 654 $ 133 $ 23 $ 129 $ 90 $ 1,696 Loans receivable: Ending balance: $ 5,434 $ 52,501 $ 20,326 $ 86,800 $ 15,387 $ 4,201 $ 11,614 $ - $ 196,263 Ending balance evaluated for impairment: Individually $ - $ 735 $ - $ 531 $ 2,069 $ 46 $ - $ - $ 3,381 Collectively $ 5,434 $ 51,766 $ 20,326 $ 86,269 $ 13,318 $ 4,155 $ 11,614 $ - $ 192,882 September 30 , 2016 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi-Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total For the Three Months Ended September 30 , 2016 Allowance for loan losses: Beginning balance $ 46 $ 525 $ 66 $ 484 $ 115 $ 51 $ 37 $ 100 $ 1,424 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (9 ) 25 (11 ) 63 28 (19 ) 14 (30 ) 61 Ending balance $ 37 $ 550 $ 55 $ 547 $ 143 $ 32 $ 51 $ 70 $ 1,485 For the Nine Months Ended September 30 , 2016 Allowance for loan losses: Beginning balance $ 55 $ 486 $ 81 $ 389 $ 153 $ 50 $ 18 $ 81 $ 1,313 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (18 ) 64 (26 ) 158 (10 ) (18 ) 33 (11 ) 172 Ending balance $ 37 $ 550 $ 55 $ 547 $ 143 $ 32 $ 51 $ 70 $ 1,485 Ending balance evaluated for impairment: Individually $ - $ 30 $ - $ 11 $ - $ - $ - $ - $ 41 Collectively $ 37 $ 520 $ 55 $ 536 $ 143 $ 32 $ 51 $ 70 $ 1,444 December 31, 201 6 1-4 Family Residential Owner Occupied 1-4 Family Residential Non-Owner Occupied Multi-Family Residential Commercial Real Estate Construction Home Equity Commercial Business and Other Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 55 $ 486 $ 81 $ 389 $ 153 $ 50 $ 18 $ 81 $ 1,313 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (14 ) 17 22 227 (15 ) (13 ) 69 (1 ) 292 Ending balance $ 41 $ 503 $ 103 $ 616 $ 138 $ 37 $ 87 $ 80 $ 1,605 Ending balance evaluated for impairment Individually $ - $ 28 $ - $ 11 $ - $ - $ - $ - $ 39 Collectively $ 41 $ 475 $ 103 $ 605 $ 138 $ 37 $ 87 $ 80 $ 1,566 Loans receivable: Ending balance $ 5,389 $ 51,893 $ 14,641 $ 77,730 $ 15,355 $ 4,775 $ 9,321 $ - $ 179,104 Ending balance evaluated for impairment Individually $ - $ 1,092 $ - $ 793 $ - $ 49 $ - $ - $ 1,934 Collectively $ 5,389 $ 50,801 $ 14,641 $ 76,937 $ 15,355 $ 4,726 $ 9,321 $ - $ 177,170 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | September 30 , 201 7 December 31, 201 6 One-to-four family residential owner occupied $ - $ - One-to-four family residential non-owner occupied 195 541 Multi-family residential - -- Commercial real estate 398 660 Construction 2,069 - Home equity - - Commercial business - - Other consumer - - Total $ 2,662 $ 1,201 |
Past Due Financing Receivables [Table Text Block] | September 30 , 201 7 30- 89 Days Past Due 90 Days or M ore Pas t Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 468 $ 417 $ 885 $ 4,549 $ 5,434 $ 417 One-to-four family residential non-owner occupied 611 439 1,050 51,451 52,501 244 Multi-family residential 81 - 81 20,245 20,326 - Commercial real estate 2,603 617 3,220 83,580 86,800 219 Construction 509 2,069 2,578 12,809 15,387 - Home equity 34 - 34 4,167 4,201 - Commercial business - - - 11,571 11,571 - Other consumer - - - 43 43 - Total $ 4,306 $ 3,542 $ 7,848 $ 188,415 $ 196,263 $ 880 December 31, 2016 30- 89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Receivable Loans Receivable 90 Days or More Past Due and Accruing One-to-four family residential owner occupied $ 310 $ 9 $ 319 $ 5,070 $ 5,389 $ 9 One-to-four family residential non-owner occupied 271 778 1,049 50,844 51,893 237 Multi-family residential - - - 14,641 14,641 - Commercial real estate 385 777 1,162 76,568 77,730 117 Construction 596 308 904 14,451 15,355 308 Home equity 115 - 115 4,660 4,775 - Commercial business 43 - 43 9,252 9,295 - Other consumer - - - 26 26 - Total $ 1,720 $ 1,872 $ 3,592 $ 175,512 $ 179,104 $ 671 |
Note 8 - Deposits (Tables)
Note 8 - Deposits (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | September 30 , 201 7 December 31, 201 6 Non-interest bearing checking accounts $ 7,713 $ 5,852 Passbook accounts 534 1,189 Savings accounts 1,584 1,784 Money market accounts 30,151 31,114 Certificates of deposit 142,416 137,068 Total deposits $ 182,398 $ 177,007 |
Note 9 - Borrowings (Tables)
Note 9 - Borrowings (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Federal Home Loan Bank Advances [Member] | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | September 30 , 201 December 31, 201 Amount Weighted Interest Rate Amount Weighted Interest Rate Short-term borrowings $ 11,500 1.27 % $ 7,000 0.54 % Fixed rate borrowings maturing: 2017 $ - - % $ 2,500 1.15 % 2018 3,000 1.46 3,000 1.46 2019 3,000 1.86 2,000 1.95 2020 2,000 2.00 1,000 2.15 2021 2,000 1.96 - - 2022 2,000 2.12 - - 2023 2,000 2.28 - - Total FHLB long-term debt $ 14,000 1.90 % $ 8,500 1.56 % |
Note 10 - Stock Compensation 28
Note 10 - Stock Compensation Plans (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Share-based Compensation, Activity [Table Text Block] | September 30 , 2017 September 30 , 2016 Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value Unvested at the beginning of the period 20,524 $ 8.10 30,784 $ 8.10 Granted - - - - Vested (10,263 ) 8.10 (10,260 ) 8.10 Forfeited - - - - Unvested at the end of the period 10,261 $ 8.10 20,524 $ 8.10 |
Share-based Compensation, Stock Options, Activity [Table Text Block] | 201 7 201 6 Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Outstanding at the beginning of the year 316,348 $ 6.49 3.8 354,266 $ 6.33 4.7 Granted - - - - - - Exercised (38,800 ) 5.00 - (26,518 ) 5.00 - Forfeited - - - - - - Outstanding at end of period 277,548 $ 6.70 3.4 327,748 $ 6.44 4.0 Exercisable at end of period 247,228 $ 6.53 3.1 266,148 $ 6.06 1.6 |
Note 11 - Fair Value Measurem29
Note 11 - Fair Value Measurements and Fair Values of Financial Instruments (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Notes Tables | |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | September 30 , 201 7 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements Investment securities available for sale Governmental National Mortgage Association mortgage-backed securities $ 5,904 $ - $ 5,904 $ - Federal Home Loan Mortgage Corporation mortgage-backed securities 1,590 - 1,590 - Federal National Mortgage Association mortgage- backed securities 583 - 583 - Debt securities, U.S. government agency 357 - 357 - Total investment securities available for sale $ 8,434 $ - $ 8,434 $ - Nonrecurring fair value measurements Impaired loans $ 3,342 $ - $ - $ 3,342 Other real estate owned 185 - - 185 December 31, 2016 Fair Value Measurements Using: Total Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring fair value measurements Investment securities available for sale Governmental National Mortgage Association mortgage-backed securities $ 6,590 $ - $ 6,590 $ - Federal Home Loan Mortgage Corporation mortgage-backed securities 1,871 - 1,871 - Federal National Mortgage Association mortgage- backed securities 740 - 740 - Debt securities, U.S. government agency 354 - 354 - Total investment securities available for sale $ 9,555 $ - $ 9,555 $ - Nonrecurring fair value measurements Impaired loans $ 1,895 $ - $ - $ 1,895 Other real estate owned 435 - - 435 |
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | September 30 , 201 7 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 3,342 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 23% (1%) Other real estate owned $ 185 Appraisal of collateral (1) Appraisal adjustments ( 2) 0% - 10% (10%) December 31, 201 6 Quantitative Information About Level 3 Fair Value Measurements Total Fair Value Valuation Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 1,895 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 22% (2%) Other real estate owned $ 435 Appraisal of collateral (1) Appraisal adjustments ( 2) 0% - 29% (12%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at September 30, 2017 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Cash and cash equivalents $ 8,229 $ 8,229 $ 8,229 $ - $ - Investment in interest-earning time deposits 4,879 4,935 - - 4,935 Investment securities available for sale 8,434 8,434 - 8,434 - Loans held for sale 6,473 6,741 - 6,741 - Loans receivable, net 193,771 194,955 - - 194,955 Accrued interest receivable 925 925 925 - - Investment in FHLB stock 1,134 1,134 1,134 - - Bank-owned life insurance 3,793 3,793 3,793 - - Financial Liabilities Deposits 182,398 183,882 39,982 - 143,900 FHLB short-term borrowings 11,500 11,500 11,500 - - FHLB long-term borrowings 14,000 13,997 - - 13,997 Accrued interest payable 147 147 147 - - Fair Value Measurements at December 31, 201 6 Carrying Amount Fair Value Estimate Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Financial Assets Cash and cash equivalents $ 9,300 $ 9,300 $ 9,300 $ - $ - Investment in interest-earning time deposits 6,098 6,163 - - 6,163 Investment securities available for sale 9,555 9,555 - 9,555 - Loans held for sale 4,712 4,879 - 4,879 - Loans receivable, net 176,807 177,870 - - 177,870 Accrued interest receivable 862 862 862 - - Investment in FHLB stock 713 713 713 - - Bank-owned life insurance 3,728 3,728 3,728 - - Financial Liabilities Deposits 177,007 179,050 39,939 - 139,111 FHLB short-term borrowings 7,000 7,000 7,000 - - FHLB long-term borrowings 8,500 8,507 - - 8,507 Accrued interest payable 142 142 142 - - |
Note 1 - Financial Statement 30
Note 1 - Financial Statement Presentation and Significant Accounting Policies (Details Textual) | Aug. 01, 2016USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) |
Number of Wholly-Owned Subsidiaries | 5 | ||||
Number of Subsidiary Branch Offices | 2 | 2 | |||
Past Due Period of Principal or Interest Payment | 90 days | ||||
Threshold for Loans to be Evaluated Annually, Minimum | $ 500,000 | $ 500,000 | |||
Impairment of Federal Home Loan Bank Stock | $ 0 | $ 0 | 0 | $ 0 | |
Payments to Acquire Businesses, Gross | $ 1,000,000 | ||||
Number of Share-Based Plans | 3 | ||||
Accounting Standards Update 2016-02 [Member] | |||||
New Accounting Pronouncement, Estimated Increase in Assets and Liabilities | 1.00% | 1.00% | |||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | |||||
Number of Mortgage Loans in Foreclosure Proceedings | 0 | 0 | |||
Signature Insurance Services, LLC [Member] | |||||
Payments to Acquire Businesses, Gross | $ 1,000,000 | ||||
Goodwill, Acquired During Period | 515,000 | ||||
Signature Insurance Services, LLC [Member] | Other Intangible Assets [Member] | |||||
Finite-lived Intangible Assets Acquired | $ 485,000 | ||||
Finite-Lived Intangible Asset, Useful Life | 10 years |
Note 2 - Earnings Per Share - W
Note 2 - Earnings Per Share - Weighted Average Shares Used in Basic and Dilutive Earnings Per Share Computations (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Net Income | $ 595,000 | $ 402,000 | $ 1,290,000 | $ 1,043,000 |
Weighted average shares outstanding – basic (in shares) | 1,868,969 | 1,792,673 | 1,857,682 | 1,774,343 |
Effect of dilutive common stock equivalents (in shares) | 138,850 | 157,740 | 140,456 | 161,414 |
Adjusted weighted average shares outstanding – diluted (in shares) | 2,007,819 | 1,950,413 | 1,998,138 | 1,935,757 |
Basic earnings per share (in dollars per share) | $ 0.32 | $ 0.22 | $ 0.69 | $ 0.59 |
Diluted earnings per share (in dollars per share) | $ 0.30 | $ 0.21 | $ 0.65 | $ 0.54 |
Note 3 - Accumulated Other Co32
Note 3 - Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | ||
BALANCE | $ 20,790 | ||||
Other comprehensive income (loss) | $ 7 | $ (3) | 37 | $ 10 | |
BALANCE | 22,018 | 22,018 | |||
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | |||||
BALANCE | [1] | (8) | 1 | (38) | (12) |
Other comprehensive income (loss) before classifications | [1] | 7 | (3) | 37 | 10 |
Amount reclassified from accumulated other comprehensive income (loss) | [1] | 0 | 0 | 0 | 0 |
Other comprehensive income (loss) | [1] | 7 | (3) | 37 | 10 |
BALANCE | [1] | $ (1) | $ (2) | $ (1) | $ (2) |
[1] | All amounts are net of tax. Amounts in parentheses indicate debits. |
Note 4 - Investment in Intere33
Note 4 - Investment in Interest-earning Time Deposits - Investment in Interest-earnings Time Deposits (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Due in one year or less | $ 761 | $ 2,849 |
Due after one year through five years | 4,118 | 3,249 |
Total | $ 4,879 | $ 6,098 |
Note 5 - Investment Securitie34
Note 5 - Investment Securities Available for Sale (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Dec. 31, 2016 | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 4 | 4 | 12 | ||
Percentage of Aggregate Depreciation Held by Debt Securities | 0.80% | 0.80% | |||
Other than Temporary Impairment Losses, Investments | $ 0 | $ 0 | $ 0 | $ 0 |
Note 5 - Investment Securitie35
Note 5 - Investment Securities Available for Sale - Amortized Cost and Fair Value of Investment Securities Available for Sale (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Amortized cost | $ 8,435 | $ 9,612 |
Gross unrealized gains | 20 | 1 |
Gross unrealized losses | (21) | (58) |
Fair value | 8,434 | 9,555 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 8,075 | 9,252 |
Gross unrealized gains | 20 | 1 |
Gross unrealized losses | (18) | (52) |
Fair value | 8,077 | 9,201 |
US Government Agencies Debt Securities [Member] | ||
Amortized cost | 360 | 360 |
Gross unrealized gains | ||
Gross unrealized losses | (3) | (6) |
Fair value | 357 | 354 |
Government National Mortgage Association (GNMA) Insured Loans [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 5,884 | 6,608 |
Gross unrealized gains | 20 | 1 |
Gross unrealized losses | (19) | |
Fair value | 5,904 | 6,590 |
Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 1,605 | 1,892 |
Gross unrealized gains | ||
Gross unrealized losses | (15) | (21) |
Fair value | 1,590 | 1,871 |
Federal National Mortgage Association (FNMA) Insured Loans [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost | 586 | 752 |
Gross unrealized gains | ||
Gross unrealized losses | (3) | (12) |
Fair value | $ 583 | $ 740 |
Note 5 - Investment Securitie36
Note 5 - Investment Securities Available for Sale - Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Due after one year through five years, amortized cost | $ 360 | |
Due after one year through five years, fair value | 357 | |
Due after ten years, amortized cost | 8,075 | |
Due after ten years, fair value | 8,077 | |
Total, amortized cost | 8,435 | $ 9,612 |
Total, fair value | $ 8,434 |
Note 5 - Investment Securitie37
Note 5 - Investment Securities Available for Sale - Gross Unrealized Losses and Fair Value (Details) $ in Thousands | Sep. 30, 2017USD ($) | Dec. 31, 2016USD ($) |
Number of securities | 4 | 12 |
Fair value, less than twelve months | $ 768 | $ 8,839 |
Gross unrealized losses, less than twelve months | (8) | (58) |
Fair value, twelve months or greater | 1,762 | |
Gross unrealized losses, twelve months or greater | (13) | |
Fair value | 2,530 | 8,839 |
Gross unrealized losses | $ (21) | $ (58) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | ||
Number of securities | 2 | 2 |
Fair value, less than twelve months | $ 768 | $ 1,871 |
Gross unrealized losses, less than twelve months | (8) | (21) |
Fair value, twelve months or greater | 822 | |
Gross unrealized losses, twelve months or greater | (7) | |
Fair value | 1,590 | 1,871 |
Gross unrealized losses | $ (15) | $ (21) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member] | ||
Number of securities | 8 | |
Fair value, less than twelve months | $ 5,874 | |
Gross unrealized losses, less than twelve months | (19) | |
Fair value, twelve months or greater | ||
Gross unrealized losses, twelve months or greater | ||
Fair value | 5,874 | |
Gross unrealized losses | $ (19) | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member] | ||
Number of securities | 1 | 1 |
Fair value, less than twelve months | $ 740 | |
Gross unrealized losses, less than twelve months | (12) | |
Fair value, twelve months or greater | 583 | |
Gross unrealized losses, twelve months or greater | (3) | |
Fair value | 583 | 740 |
Gross unrealized losses | $ (3) | $ (12) |
US Government Agencies Debt Securities [Member] | ||
Number of securities | 1 | 1 |
Fair value, less than twelve months | $ 354 | |
Gross unrealized losses, less than twelve months | (6) | |
Fair value, twelve months or greater | 357 | |
Gross unrealized losses, twelve months or greater | (3) | |
Fair value | 357 | 354 |
Gross unrealized losses | $ (3) | $ (6) |
Note 6 - Loans Receivable, Ne38
Note 6 - Loans Receivable, Net and Allowance for Loan Losses (Details Textual) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2016USD ($) | Dec. 31, 2016USD ($) | |
Financing Receivable, Modifications, Recorded Investment | $ 719,000 | $ 719,000 | $ 733,000 | ||
Troubled Debt Restructuring, Number of Contracts | 8 | 8 | 8 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | ||||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 | |||
Loans and Leases Receivable, Gross | 196,263,000 | 196,263,000 | $ 179,104,000 | ||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 0 | $ 0 | 0 | $ 0 | |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 63,000 | $ 26,000 | 103,000 | $ 82,000 | |
Nonperforming Financial Instruments [Member] | |||||
Loans and Leases Receivable, Gross | $ 3,500,000 | $ 3,500,000 | $ 1,900,000 |
Note 6 - Loans Receivable, Ne39
Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Composition of Net Loans Receivable (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Dec. 31, 2015 |
Loans | $ 196,263 | $ 179,104 | ||||
Deferred loan fees and costs | (757) | (692) | ||||
Allowance for loan losses | (1,735) | $ (1,690) | (1,605) | $ (1,485) | $ (1,424) | $ (1,313) |
Net Loans | 193,771 | 176,807 | ||||
Real Estate Portfolio Segment [Member] | ||||||
Loans | 184,649 | 169,783 | ||||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | ||||||
Loans | 5,434 | 5,389 | ||||
Allowance for loan losses | (43) | (45) | (41) | (37) | (46) | (55) |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | ||||||
Loans | 52,501 | 51,893 | ||||
Allowance for loan losses | (520) | (465) | (503) | (550) | (525) | (486) |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Loans [Member] | ||||||
Loans | 57,935 | 57,282 | ||||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | ||||||
Loans | 20,326 | 14,641 | ||||
Allowance for loan losses | (142) | (156) | (103) | (55) | (66) | (81) |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | ||||||
Loans | 86,800 | 77,730 | ||||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans | 15,387 | 15,355 | ||||
Allowance for loan losses | (133) | (137) | (138) | (143) | (115) | (153) |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||||||
Loans | 4,201 | 4,775 | ||||
Allowance for loan losses | (23) | $ (41) | (37) | $ (32) | $ (51) | $ (50) |
Commercial Portfolio Segment [Member] | ||||||
Loans | 11,571 | 9,295 | ||||
Consumer Portfolio Segment [Member] | ||||||
Loans | $ 43 | $ 26 |
Note 6 - Loans Receivable, Ne40
Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Loan Portfolio by Credit Rating (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans | $ 196,263 | $ 179,104 |
Pass [Member] | ||
Loans | 192,536 | 174,626 |
Special Mention [Member] | ||
Loans | 153 | 239 |
Substandard [Member] | ||
Loans | 3,574 | 4,239 |
Doubtful [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | ||
Loans | 184,649 | 169,783 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | ||
Loans | 5,434 | 5,389 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Pass [Member] | ||
Loans | 5,434 | 5,389 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Special Mention [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Substandard [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Doubtful [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | ||
Loans | 52,501 | 51,893 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Pass [Member] | ||
Loans | 51,963 | 50,864 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Special Mention [Member] | ||
Loans | 122 | |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Substandard [Member] | ||
Loans | 538 | 907 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Doubtful [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | ||
Loans | 20,326 | 14,641 |
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Pass [Member] | ||
Loans | 20,326 | 14,641 |
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Special Mention [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Substandard [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Doubtful [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | ||
Loans | 86,800 | 77,730 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Pass [Member] | ||
Loans | 85,716 | 76,281 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Special Mention [Member] | ||
Loans | 117 | 117 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Substandard [Member] | ||
Loans | 967 | 1,332 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Doubtful [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 15,387 | 15,355 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Loans | 13,318 | 13,355 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | ||
Loans | 2,069 | 2,000 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans | 4,201 | 4,775 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Pass [Member] | ||
Loans | 4,201 | 4,775 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Special Mention [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Substandard [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Doubtful [Member] | ||
Loans | ||
Commercial Portfolio Segment [Member] | ||
Loans | 11,571 | 9,295 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Loans | 11,535 | 9,295 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | 36 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Loans | ||
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | ||
Loans | 43 | 26 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Loans | 43 | 26 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Loans |
Note 6 - Loans Receivable, Ne41
Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Impaired Loans by Loan Portfolio Class (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Related allowance | $ 39 | $ 39 |
Recorded investment | 3,381 | 1,934 |
Unpaid principal balance | 3,381 | 1,934 |
Average recorded investment | 4,055 | 2,252 |
Interest income recognized | 91 | 86 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | ||
Recorded investment, with no related allowance recorded | ||
Unpaid principal balance, with no related allowance recorded | ||
Average recorded investment, with no related allowance recorded | ||
Interest income recognized, with no related allowance recorded | ||
Recorded investment, with an allowance recorded | ||
Unpaid principal balance, with an allowance recorded | ||
Related allowance | ||
Average recorded investment, with an allowance recorded | ||
Interest income recognized, with an allowance recorded | ||
Recorded investment | ||
Unpaid principal balance | ||
Average recorded investment | ||
Interest income recognized | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | ||
Recorded investment, with no related allowance recorded | 565 | 925 |
Unpaid principal balance, with no related allowance recorded | 565 | 925 |
Average recorded investment, with no related allowance recorded | 1,058 | 1,208 |
Interest income recognized, with no related allowance recorded | 18 | 56 |
Recorded investment, with an allowance recorded | 170 | 167 |
Unpaid principal balance, with an allowance recorded | 170 | 167 |
Related allowance | 38 | 28 |
Average recorded investment, with an allowance recorded | 95 | 169 |
Interest income recognized, with an allowance recorded | 4 | 8 |
Recorded investment | 735 | 1,092 |
Unpaid principal balance | 735 | 1,092 |
Average recorded investment | 1,153 | 1,377 |
Interest income recognized | 22 | 64 |
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | ||
Recorded investment, with no related allowance recorded | ||
Unpaid principal balance, with no related allowance recorded | ||
Average recorded investment, with no related allowance recorded | ||
Interest income recognized, with no related allowance recorded | ||
Recorded investment, with an allowance recorded | ||
Unpaid principal balance, with an allowance recorded | ||
Related allowance | ||
Average recorded investment, with an allowance recorded | ||
Interest income recognized, with an allowance recorded | ||
Recorded investment | ||
Unpaid principal balance | ||
Average recorded investment | ||
Interest income recognized | ||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | ||
Recorded investment, with no related allowance recorded | 398 | 660 |
Unpaid principal balance, with no related allowance recorded | 398 | 660 |
Average recorded investment, with no related allowance recorded | 398 | 660 |
Interest income recognized, with no related allowance recorded | 7 | |
Recorded investment, with an allowance recorded | 133 | 133 |
Unpaid principal balance, with an allowance recorded | 133 | 133 |
Related allowance | 1 | 11 |
Average recorded investment, with an allowance recorded | 395 | 133 |
Interest income recognized, with an allowance recorded | 7 | 9 |
Recorded investment | 531 | 793 |
Unpaid principal balance | 531 | 793 |
Average recorded investment | 793 | 793 |
Interest income recognized | 7 | 16 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded investment, with no related allowance recorded | 2,069 | |
Unpaid principal balance, with no related allowance recorded | 2,069 | |
Average recorded investment, with no related allowance recorded | 2,061 | |
Interest income recognized, with no related allowance recorded | 58 | |
Recorded investment, with an allowance recorded | ||
Unpaid principal balance, with an allowance recorded | ||
Related allowance | ||
Average recorded investment, with an allowance recorded | ||
Interest income recognized, with an allowance recorded | ||
Recorded investment | 2,069 | |
Unpaid principal balance | 2,069 | |
Average recorded investment | 2,061 | |
Interest income recognized | 58 | |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Recorded investment, with no related allowance recorded | 46 | 49 |
Unpaid principal balance, with no related allowance recorded | 46 | 49 |
Average recorded investment, with no related allowance recorded | 48 | 82 |
Interest income recognized, with no related allowance recorded | 4 | 6 |
Recorded investment, with an allowance recorded | ||
Unpaid principal balance, with an allowance recorded | ||
Related allowance | ||
Average recorded investment, with an allowance recorded | ||
Interest income recognized, with an allowance recorded | ||
Recorded investment | 46 | 49 |
Unpaid principal balance | 46 | 49 |
Average recorded investment | 48 | 82 |
Interest income recognized | 4 | 6 |
Commercial Portfolio Segment [Member] | ||
Recorded investment, with no related allowance recorded | ||
Unpaid principal balance, with no related allowance recorded | ||
Average recorded investment, with no related allowance recorded | ||
Interest income recognized, with no related allowance recorded | ||
Recorded investment, with an allowance recorded | ||
Unpaid principal balance, with an allowance recorded | ||
Related allowance | ||
Average recorded investment, with an allowance recorded | ||
Interest income recognized, with an allowance recorded | ||
Recorded investment | ||
Unpaid principal balance | ||
Average recorded investment | ||
Interest income recognized | ||
Consumer Portfolio Segment [Member] | ||
Recorded investment, with no related allowance recorded | ||
Unpaid principal balance, with no related allowance recorded | ||
Average recorded investment, with no related allowance recorded | ||
Interest income recognized, with no related allowance recorded | ||
Recorded investment, with an allowance recorded | ||
Unpaid principal balance, with an allowance recorded | ||
Related allowance | ||
Average recorded investment, with an allowance recorded | ||
Interest income recognized, with an allowance recorded | ||
Recorded investment | ||
Unpaid principal balance | ||
Average recorded investment | ||
Interest income recognized |
Note 6 - Loans Receivable, Ne42
Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Troubled Debt Restructuring Loans (Details) | Sep. 30, 2017USD ($) | Dec. 31, 2016USD ($) |
Troubled debt restructuring, number of contracts | 8 | 8 |
Troubled debt restructuring, recorded investment | $ 719,000 | $ 733,000 |
Troubled debt restructuring, related allowance | 22,000 | 39,000 |
Nonaccruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Accruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | $ 719,000 | $ 733,000 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | ||
Troubled debt restructuring, number of contracts | ||
Troubled debt restructuring, recorded investment | ||
Troubled debt restructuring, related allowance | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Nonaccruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Accruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | ||
Troubled debt restructuring, number of contracts | 5 | 5 |
Troubled debt restructuring, recorded investment | $ 540,000 | $ 551,000 |
Troubled debt restructuring, related allowance | 21,000 | 28,000 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Nonaccruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Accruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | $ 540,000 | $ 551,000 |
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | ||
Troubled debt restructuring, number of contracts | ||
Troubled debt restructuring, recorded investment | ||
Troubled debt restructuring, related allowance | ||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Nonaccruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Accruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | ||
Troubled debt restructuring, number of contracts | 1 | 1 |
Troubled debt restructuring, recorded investment | $ 133,000 | $ 133,000 |
Troubled debt restructuring, related allowance | 1,000 | 11,000 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Nonaccruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Accruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | $ 133,000 | $ 133,000 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Troubled debt restructuring, number of contracts | ||
Troubled debt restructuring, recorded investment | ||
Troubled debt restructuring, related allowance | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Nonaccruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Accruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Troubled debt restructuring, number of contracts | 2 | 2 |
Troubled debt restructuring, recorded investment | $ 46,000 | $ 49,000 |
Troubled debt restructuring, related allowance | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Nonaccruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Accruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | $ 46,000 | $ 49,000 |
Commercial Portfolio Segment [Member] | ||
Troubled debt restructuring, number of contracts | ||
Troubled debt restructuring, recorded investment | ||
Troubled debt restructuring, related allowance | ||
Commercial Portfolio Segment [Member] | Nonaccruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Commercial Portfolio Segment [Member] | Accruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Consumer Portfolio Segment [Member] | ||
Troubled debt restructuring, number of contracts | ||
Troubled debt restructuring, recorded investment | ||
Troubled debt restructuring, related allowance | ||
Consumer Portfolio Segment [Member] | Nonaccruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment | ||
Consumer Portfolio Segment [Member] | Accruing Instrument [Member] | ||
Troubled debt restructuring, recorded investment |
Note 6 - Loans Receivable, Ne43
Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Contractual Aging of the TDRs (Details) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Troubled debt restructurings, non-accrual | ||
Troubled debt restructuring, recorded investment | 719,000 | 733,000 |
Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 719,000 | 733,000 |
Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | ||
Troubled debt restructurings, non-accrual | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | ||
Troubled debt restructurings, non-accrual | ||
Troubled debt restructuring, recorded investment | 540,000 | 551,000 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 540,000 | 551,000 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | ||
Troubled debt restructurings, non-accrual | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | ||
Troubled debt restructurings, non-accrual | ||
Troubled debt restructuring, recorded investment | 133,000 | 133,000 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 133,000 | 133,000 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Troubled debt restructurings, non-accrual | ||
Troubled debt restructuring, recorded investment | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Troubled debt restructurings, non-accrual | ||
Troubled debt restructuring, recorded investment | 46,000 | 49,000 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Troubled debt restructurings, past due | 46,000 | 49,000 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Commercial Portfolio Segment [Member] | ||
Troubled debt restructurings, non-accrual | ||
Troubled debt restructuring, recorded investment | ||
Commercial Portfolio Segment [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Consumer Portfolio Segment [Member] | ||
Troubled debt restructurings, non-accrual | ||
Troubled debt restructuring, recorded investment | ||
Consumer Portfolio Segment [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | ||
Troubled debt restructurings, past due | ||
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Troubled debt restructurings, past due |
Note 6 - Loans Receivable, Ne44
Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Changes in the Allowance for Loan Losses and Recorded Investment in Loans Receivable (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Allowance for loan losses, beginning balance | $ 1,690 | $ 1,424 | $ 1,605 | $ 1,313 | $ 1,313 |
Charge-offs | (38) | (62) | |||
Recoveries | 3 | ||||
Provision | 83 | 61 | 189 | 172 | 292 |
Allowance for loan losses, ending balance | 1,735 | 1,485 | 1,735 | 1,485 | 1,605 |
Allowance for loan losses, individually evaluated for impairment | 39 | 41 | 39 | 41 | 39 |
Allowance for loan losses, collectively evaluated for impairment | 1,696 | 1,444 | 1,696 | 1,444 | 1,566 |
Loans receivable | 196,263 | 196,263 | 179,104 | ||
Loans receivable, individually evaluated for impairment | 3,381 | 3,381 | 1,934 | ||
Loans receivable, collectively evaluated for impairment | 192,882 | 192,882 | 177,170 | ||
Real Estate Portfolio Segment [Member] | |||||
Loans receivable | 184,649 | 184,649 | 169,783 | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | |||||
Allowance for loan losses, beginning balance | 45 | 46 | 41 | 55 | 55 |
Charge-offs | |||||
Recoveries | |||||
Provision | (2) | (9) | 2 | (18) | (14) |
Allowance for loan losses, ending balance | 43 | 37 | 43 | 37 | 41 |
Allowance for loan losses, individually evaluated for impairment | |||||
Allowance for loan losses, collectively evaluated for impairment | 43 | 37 | 43 | 37 | 41 |
Loans receivable | 5,434 | 5,434 | 5,389 | ||
Loans receivable, individually evaluated for impairment | |||||
Loans receivable, collectively evaluated for impairment | 5,434 | 5,434 | 5,389 | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | |||||
Allowance for loan losses, beginning balance | 465 | 525 | 503 | 486 | 486 |
Charge-offs | (38) | (38) | |||
Recoveries | |||||
Provision | 93 | 25 | 55 | 64 | 17 |
Allowance for loan losses, ending balance | 520 | 550 | 520 | 550 | 503 |
Allowance for loan losses, individually evaluated for impairment | 38 | 30 | 38 | 30 | 28 |
Allowance for loan losses, collectively evaluated for impairment | 482 | 520 | 482 | 520 | 475 |
Loans receivable | 52,501 | 52,501 | 51,893 | ||
Loans receivable, individually evaluated for impairment | 735 | 735 | 1,092 | ||
Loans receivable, collectively evaluated for impairment | 51,766 | 51,766 | 50,801 | ||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | |||||
Allowance for loan losses, beginning balance | 156 | 66 | 103 | 81 | 81 |
Charge-offs | |||||
Recoveries | |||||
Provision | (14) | (11) | 39 | (26) | 22 |
Allowance for loan losses, ending balance | 142 | 55 | 142 | 55 | 103 |
Allowance for loan losses, individually evaluated for impairment | |||||
Allowance for loan losses, collectively evaluated for impairment | 142 | 55 | 142 | 55 | 103 |
Loans receivable | 20,326 | 20,326 | 14,641 | ||
Loans receivable, individually evaluated for impairment | |||||
Loans receivable, collectively evaluated for impairment | 20,326 | 20,326 | 14,641 | ||
Real Estate Portfolio Segment [Member] | Commercial Real Estate and Lines of Credit [Member] | |||||
Allowance for loan losses, beginning balance | 645 | 484 | 616 | 389 | 389 |
Charge-offs | (24) | ||||
Recoveries | 3 | ||||
Provision | 10 | 63 | 60 | 158 | 227 |
Allowance for loan losses, ending balance | 655 | 547 | 655 | 547 | 616 |
Allowance for loan losses, individually evaluated for impairment | 1 | 11 | 1 | 11 | 11 |
Allowance for loan losses, collectively evaluated for impairment | 654 | 536 | 654 | 536 | 605 |
Loans receivable | 86,800 | 86,800 | 77,730 | ||
Loans receivable, individually evaluated for impairment | 531 | 531 | 793 | ||
Loans receivable, collectively evaluated for impairment | 86,269 | 86,269 | 76,937 | ||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||||
Allowance for loan losses, beginning balance | 137 | 115 | 138 | 153 | 153 |
Charge-offs | |||||
Recoveries | |||||
Provision | (4) | 28 | (5) | (10) | (15) |
Allowance for loan losses, ending balance | 133 | 143 | 133 | 143 | 138 |
Allowance for loan losses, individually evaluated for impairment | |||||
Allowance for loan losses, collectively evaluated for impairment | 133 | 143 | 133 | 143 | 138 |
Loans receivable | 15,387 | 15,387 | 15,355 | ||
Loans receivable, individually evaluated for impairment | 2,069 | 2,069 | |||
Loans receivable, collectively evaluated for impairment | 13,318 | 13,318 | 15,355 | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | |||||
Allowance for loan losses, beginning balance | 41 | 51 | 37 | 50 | 50 |
Charge-offs | |||||
Recoveries | |||||
Provision | (18) | (19) | (14) | (18) | (13) |
Allowance for loan losses, ending balance | 23 | 32 | 23 | 32 | 37 |
Allowance for loan losses, individually evaluated for impairment | |||||
Allowance for loan losses, collectively evaluated for impairment | 23 | 32 | 23 | 32 | 37 |
Loans receivable | 4,201 | 4,201 | 4,775 | ||
Loans receivable, individually evaluated for impairment | 46 | 46 | 49 | ||
Loans receivable, collectively evaluated for impairment | 4,155 | 4,155 | 4,726 | ||
Commercial and Consumer Portfolio Segments [Member] | |||||
Allowance for loan losses, beginning balance | 111 | 37 | 87 | 18 | 18 |
Charge-offs | |||||
Recoveries | |||||
Provision | 18 | 14 | 42 | 33 | 69 |
Allowance for loan losses, ending balance | 129 | 51 | 129 | 51 | 87 |
Allowance for loan losses, individually evaluated for impairment | |||||
Allowance for loan losses, collectively evaluated for impairment | 129 | 51 | 129 | 51 | 87 |
Loans receivable | 11,614 | 11,614 | 9,321 | ||
Loans receivable, individually evaluated for impairment | |||||
Loans receivable, collectively evaluated for impairment | 11,614 | 11,614 | 9,321 | ||
Unallocated Financing Receivables [Member] | |||||
Allowance for loan losses, beginning balance | 90 | 100 | 80 | 81 | 81 |
Charge-offs | |||||
Recoveries | |||||
Provision | (30) | 10 | (11) | (1) | |
Allowance for loan losses, ending balance | 90 | 70 | 90 | 70 | 80 |
Allowance for loan losses, individually evaluated for impairment | |||||
Allowance for loan losses, collectively evaluated for impairment | 90 | $ 70 | 90 | $ 70 | 80 |
Loans receivable | |||||
Loans receivable, individually evaluated for impairment | |||||
Loans receivable, collectively evaluated for impairment |
Note 6 - Loans Receivable, Ne45
Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Non-accrual Loans by Class of Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans | $ 2,662 | $ 1,201 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | ||
Loans | 195 | 541 |
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | ||
Loans | 398 | 660 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 2,069 | |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans | ||
Commercial Portfolio Segment [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | ||
Loans |
Note 6 - Loans Receivable, Ne46
Note 6 - Loans Receivable, Net and Allowance for Loan Losses - Loan Portfolio Summarized by Past Due Status (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans, past due | $ 7,848 | $ 3,592 |
Loans, current | 188,415 | 175,512 |
Loans | 196,263 | 179,104 |
Loans > 90 days and accruing | 880 | 671 |
30 to 89 Days Delinquent [Member] | ||
Loans, past due | 4,306 | 1,720 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | 3,542 | 1,872 |
Real Estate Portfolio Segment [Member] | ||
Loans | 184,649 | 169,783 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | ||
Loans, past due | 885 | 319 |
Loans, current | 4,549 | 5,070 |
Loans | 5,434 | 5,389 |
Loans > 90 days and accruing | 417 | 9 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | 30 to 89 Days Delinquent [Member] | ||
Loans, past due | 468 | 310 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Owner Occupied Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | 417 | 9 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | ||
Loans, past due | 1,050 | 1,049 |
Loans, current | 51,451 | 50,844 |
Loans | 52,501 | 51,893 |
Loans > 90 days and accruing | 244 | 237 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | 30 to 89 Days Delinquent [Member] | ||
Loans, past due | 611 | 271 |
Real Estate Portfolio Segment [Member] | One-to-four Family Residential Non-owner Occupied Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | 439 | 778 |
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | ||
Loans, past due | 81 | |
Loans, current | 20,245 | 14,641 |
Loans | 20,326 | 14,641 |
Loans > 90 days and accruing | ||
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | 30 to 89 Days Delinquent [Member] | ||
Loans, past due | 81 | |
Real Estate Portfolio Segment [Member] | Multi-family (Five Or More) Residential Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | ||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | ||
Loans, past due | 3,220 | 1,162 |
Loans, current | 83,580 | 76,568 |
Loans | 86,800 | 77,730 |
Loans > 90 days and accruing | 219 | 117 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | 30 to 89 Days Delinquent [Member] | ||
Loans, past due | 2,603 | 385 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | 617 | 777 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans, past due | 2,578 | 904 |
Loans, current | 12,809 | 14,451 |
Loans | 15,387 | 15,355 |
Loans > 90 days and accruing | 308 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | 30 to 89 Days Delinquent [Member] | ||
Loans, past due | 509 | 596 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | 2,069 | 308 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | ||
Loans, past due | 34 | 115 |
Loans, current | 4,167 | 4,660 |
Loans | 4,201 | 4,775 |
Loans > 90 days and accruing | ||
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | 30 to 89 Days Delinquent [Member] | ||
Loans, past due | 34 | 115 |
Real Estate Portfolio Segment [Member] | Home Equity Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | ||
Commercial Portfolio Segment [Member] | ||
Loans, past due | 43 | |
Loans, current | 11,571 | 9,252 |
Loans | 11,571 | 9,295 |
Loans > 90 days and accruing | ||
Commercial Portfolio Segment [Member] | 30 to 89 Days Delinquent [Member] | ||
Loans, past due | 43 | |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | ||
Consumer Portfolio Segment [Member] | ||
Loans, past due | ||
Loans, current | 43 | 26 |
Loans | 43 | 26 |
Loans > 90 days and accruing | ||
Consumer Portfolio Segment [Member] | 30 to 89 Days Delinquent [Member] | ||
Loans, past due | ||
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due |
Note 7 - Goodwill and Other I47
Note 7 - Goodwill and Other Intangible, Net (Details Textual) - USD ($) | Aug. 01, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 |
Payments to Acquire Businesses, Gross | $ 1,000,000 | |||||
Finite-Lived Intangible Assets, Net | $ 428,000 | 428,000 | $ 465,000 | |||
Amortization of Intangible Assets | 13,000 | $ 8,000 | 37,000 | $ 8,000 | ||
Other Intangible Assets [Member] | ||||||
Finite-Lived Intangible Assets, Net | 428,000 | 428,000 | ||||
Finite-Lived Intangible Assets, Accumulated Amortization | $ 57,000 | $ 57,000 | ||||
Signature Insurance Services, LLC [Member] | ||||||
Payments to Acquire Businesses, Gross | $ 1,000,000 | |||||
Goodwill, Acquired During Period | 515,000 | |||||
Signature Insurance Services, LLC [Member] | Other Intangible Assets [Member] | ||||||
Finite-lived Intangible Assets Acquired | $ 485,000 | |||||
Finite-Lived Intangible Asset, Useful Life | 10 years |
Note 8 - Deposits - Summary of
Note 8 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Non-interest bearing checking accounts | $ 7,713 | $ 5,852 |
Money market accounts | 30,151 | 31,114 |
Certificates of deposit | 142,416 | 137,068 |
Total deposits | 182,398 | 177,007 |
Passbook Accounts [Member] | ||
Interest-bearing deposits | 534 | 1,189 |
Savings Accounts [Member] | ||
Interest-bearing deposits | $ 1,584 | $ 1,784 |
Note 9 - Borrowings - Federal H
Note 9 - Borrowings - Federal Home Loan Bank Long-term Borrowings (Details) - USD ($) $ in Millions | Sep. 30, 2017 | Dec. 31, 2016 |
Short-term borrowings, amount | $ 11.5 | $ 7 |
Short-term borrowings, , weighted interest rate | 1.27% | 0.54% |
2017, amount | $ 2.5 | |
2017, weighted interest rate | 1.15% | |
2018, amount | $ 3 | $ 3 |
2018, weighted interest rate | 1.46% | 1.46% |
2019, amount | $ 3 | $ 2 |
2019, weighted interest rate | 1.86% | 1.95% |
2020, amount | $ 2 | $ 1 |
2020, weighted interest rate | 2.00% | 2.15% |
2021, amount | $ 2 | |
2021, weighted interest rate | 1.96% | |
2022, amount | $ 2 | |
2022, weighted interest rate | 2.12% | |
2023, amount | $ 2 | |
2023, weighted interest rate | 2.28% | |
Total FHLB long-term debt, amount | $ 14 | $ 8.5 |
Total FHLB long-term debt, weighted interest rate | 1.90% | 1.56% |
Note 10 - Stock Compensation 50
Note 10 - Stock Compensation Plans (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||
May 31, 2013 | May 31, 2008 | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2007 | Dec. 31, 2016 | Dec. 31, 2015 | |
Employee Stock Ownership Plan (ESOP), Compensation Expense | $ 46,000 | $ 43,000 | $ 138,000 | $ 129,000 | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 52,000 | $ 52,000 | |||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 219 days | ||||||||
Restricted Stock [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 10,261 | 20,524 | 10,261 | 20,524 | 20,524 | 30,784 | |||
Allocated Share-based Compensation Expense | $ 21,000 | $ 21,000 | $ 63,000 | $ 63,000 | |||||
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | 7,000 | 7,000 | $ 21,000 | $ 21,000 | |||||
Employee Stock Option [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | |||||||||
Allocated Share-based Compensation Expense | 12,000 | 12,000 | $ 34,000 | $ 34,000 | |||||
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense | $ 1,000 | $ 1,000 | $ 3,000 | $ 3,000 | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 219 days | ||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ 5 | $ 5 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 277,548 | 327,748 | 277,548 | 327,748 | 316,348 | 354,266 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options | $ 28,000 | $ 28,000 | |||||||
Employee Stock Option [Member] | Minimum [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||||||||
The 2008 Recognition and Retention Plan [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Purchased for Award | 111,090 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Per Share Weighted Average Price of Shares Purchased | $ 4.68 | ||||||||
Employee Service Share-based Compensation, Cash Flow Effect, Cash Used to Settle Awards | $ 520,000 | ||||||||
The 2013 Stock Incentive Plan [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 195,000 | ||||||||
The 2013 Stock Incentive Plan [Member] | Restricted Stock [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 48,750 | ||||||||
Percentage of Shares May Be Granted As Restricted Stock Awards | 25.00% | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 21,968 | 21,968 | |||||||
The 2013 Stock Incentive Plan [Member] | Employee Stock Option [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 146,250 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 56,276 | 56,276 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 277,548 | 277,548 | |||||||
The RRP and Stock Incentive Plan [Member] | Restricted Stock [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 10,261 | 10,261 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | 0 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||||||||
The RRP and Stock Incentive Plan [Member] | Restricted Stock [Member] | Minimum [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||||||||
The 2008 Stock Option Plan [Member] | Employee Stock Option [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | 0 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 277,726 | ||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ 5 | ||||||||
Employee Stock Ownership Plan [Member] | |||||||||
Percentage of Company Shares Purchased by ESOP | 8.00% | ||||||||
Employee Stock Ownership Plan (ESOP), Shares Contributed to ESOP | 222,180 | ||||||||
ESOP Loan Interest Rate | 7.75% | ||||||||
Employee Stock Ownership Plan (ESOP), Loan Term | 15 years |
Note 10 - Stock Compensation 51
Note 10 - Stock Compensation Plans - Status of Shares Under the RRP and Stock Incentive Plan (Details) - Restricted Stock [Member] - $ / shares | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Unvested at the beginning of the period, number of shares (in shares) | 20,524 | 30,784 |
Unvested at the beginning of the period, weighted average grant date fair value (in dollars per share) | $ 8.10 | $ 8.10 |
Granted, number of shares (in shares) | ||
Granted, weighted average grant date fair value (in dollars per share) | ||
Vested, number of shares (in shares) | (10,263) | (10,260) |
Vested, weighted average grant date fair value (in dollars per share) | $ 8.10 | $ 8.10 |
Forfeited, number of shares (in shares) | ||
Forfeited, weighted average grant date fair value (in dollars per share) | ||
Unvested at the end of the period, number of shares (in shares) | 10,261 | 20,524 |
Unvested at the end of the period, weighted average grant date fair value (in dollars per share) | $ 8.10 | $ 8.10 |
Note 10 - Stock Compensation 52
Note 10 - Stock Compensation Plans - Summary of Option Activity (Details) - Employee Stock Option [Member] - $ / shares | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | Dec. 31, 2015 | |
Outstanding at the beginning of the year, number of shares (in shares) | 316,348 | 354,266 | 354,266 | |
Outstanding at the beginning of the year, weighted average exercise price (in dollars per share) | $ 6.49 | $ 6.33 | $ 6.33 | |
Outstanding at the beginning of the year, weighted average remaining contractual life (Year) | 3 years 146 days | 4 years | 3 years 292 days | 4 years 255 days |
Granted, number of shares (in shares) | ||||
Granted, weighted average exercise price (in dollars per share) | ||||
Granted, weighted average remaining contractual life (Year) | ||||
Exercised, number of shares (in shares) | (38,800) | (26,518) | ||
Exercised, weighted average exercise price (in dollars per share) | $ 5 | $ 5 | ||
Exercised, weighted average remaining contractual life (Year) | ||||
Forfeited, number of shares (in shares) | ||||
Forfeited, weighted average exercise price (in dollars per share) | ||||
Outstanding at end of period, number of shares (in shares) | 277,548 | 327,748 | 316,348 | 354,266 |
Outstanding at end of period, weighted average exercise price (in dollars per share) | $ 6.70 | $ 6.44 | $ 6.49 | $ 6.33 |
Exercisable at end of period, number of shares (in shares) | 247,228 | 266,148 | ||
Exercisable at end of period, weighted average exercise price (in dollars per share) | $ 6.53 | $ 6.06 | ||
Exercisable at end of period, weighted average remaining contractual life (Year) | 3 years 36 days | 1 year 219 days |
Note 11 - Fair Value Measurem53
Note 11 - Fair Value Measurements and Fair Values of Financial Instruments - Financial Assets and Liabilities on a Recurring and Nonrecurring (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Fair value | $ 8,434 | $ 9,555 |
Fair Value, Measurements, Recurring [Member] | ||
Total investment securities available for sale | 8,434 | 9,555 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Total investment securities available for sale | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Total investment securities available for sale | 8,434 | 9,555 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Total investment securities available for sale | ||
Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans | 3,342 | 1,895 |
Other real estate owned | 185 | 435 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Impaired loans | ||
Other real estate owned | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Impaired loans | ||
Other real estate owned | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Impaired loans | 3,342 | 1,895 |
Other real estate owned | 185 | 435 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Fair value | 8,077 | 9,201 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member] | ||
Fair value | 5,904 | 6,590 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair value | 5,904 | 6,590 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair value | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair value | 5,904 | 6,590 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Government National Mortgage Association (GNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair value | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | ||
Fair value | 1,590 | 1,871 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair value | 1,590 | 1,871 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair value | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair value | 1,590 | 1,871 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal Home Loan Mortgage Corporation (FHLMC) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair value | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member] | ||
Fair value | 583 | 740 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair value | 583 | 740 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair value | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair value | 583 | 740 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Federal National Mortgage Association (FNMA) Insured Loans [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair value | ||
US Government Agencies Debt Securities [Member] | ||
Fair value | 357 | 354 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair value | 357 | 354 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair value | ||
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair value | 357 | 354 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair value |
Note 11 - Fair Value Measurem54
Note 11 - Fair Value Measurements and Fair Values of Financial Instruments - Additional Quantitative Information About Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Appraisal of Collateral [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2017 | Dec. 31, 2016 | ||
Impaired Loans [Member] | |||
Total fair value | $ 3,342 | $ 1,895 | |
Valuation techniques | [1] | Appraisal of collateral | Appraisal of collateral |
Unobservable input | [2] | Appraisal adjustments | Appraisal adjustments |
Impaired Loans [Member] | Minimum [Member] | |||
Unobservable input, range | 0.00% | 0.00% | |
Impaired Loans [Member] | Maximum [Member] | |||
Unobservable input, range | 23.00% | 22.00% | |
Impaired Loans [Member] | Weighted Average [Member] | |||
Unobservable input, range | 1.00% | 2.00% | |
Other Real Estate Owned [Member] | |||
Total fair value | $ 185 | $ 435 | |
Valuation techniques | [1] | Appraisal of collateral | Appraisal of collateral |
Unobservable input | [2] | Appraisal adjustments | Appraisal adjustments |
Other Real Estate Owned [Member] | Minimum [Member] | |||
Unobservable input, range | 0.00% | 0.00% | |
Other Real Estate Owned [Member] | Maximum [Member] | |||
Unobservable input, range | 10.00% | 29.00% | |
Other Real Estate Owned [Member] | Weighted Average [Member] | |||
Unobservable input, range | 10.00% | 12.00% | |
[1] | Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are identifiable. | ||
[2] | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percentage of the appraisal. |
Note 11 - Fair Value Measurem55
Note 11 - Fair Value Measurements and Fair Values of Financial Instruments - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Fair value | $ 8,434 | $ 9,555 |
Accrued interest receivable | 925 | 862 |
Bank-owned life insurance | 3,793 | 3,728 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 8,229 | 9,300 |
Investment in interest-earning time deposits | 4,879 | 6,098 |
Fair value | 8,434 | 9,555 |
Loans held for sale | 6,473 | 4,712 |
Loans receivable, net | 193,771 | 176,807 |
Accrued interest receivable | 925 | 862 |
Investment in FHLB stock | 1,134 | 713 |
Bank-owned life insurance | 3,793 | 3,728 |
Deposits | 182,398 | 177,007 |
FHLB short-term borrowings | 11,500 | 7,000 |
FHLB long-term borrowings | 14,000 | 8,500 |
Accrued interest payable | 147 | 142 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 8,229 | 9,300 |
Investment in interest-earning time deposits | 4,935 | 6,163 |
Fair value | 8,434 | 9,555 |
Loans held for sale | 6,741 | 4,879 |
Loans receivable, net | 194,955 | 177,870 |
Accrued interest receivable | 925 | 862 |
Investment in FHLB stock | 1,134 | 713 |
Bank-owned life insurance | 3,793 | 3,728 |
Deposits | 183,882 | 179,050 |
FHLB short-term borrowings | 11,500 | 7,000 |
FHLB long-term borrowings | 13,997 | 8,507 |
Accrued interest payable | 147 | 142 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 8,229 | 9,300 |
Investment in interest-earning time deposits | ||
Fair value | ||
Loans held for sale | ||
Loans receivable, net | ||
Accrued interest receivable | 925 | 862 |
Investment in FHLB stock | 1,134 | 713 |
Bank-owned life insurance | 3,793 | 3,728 |
Deposits | 39,982 | 39,939 |
FHLB short-term borrowings | 11,500 | 7,000 |
FHLB long-term borrowings | ||
Accrued interest payable | 147 | 142 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Investment in interest-earning time deposits | ||
Fair value | 8,434 | 9,555 |
Loans held for sale | 6,741 | 4,879 |
Loans receivable, net | ||
Accrued interest receivable | ||
Investment in FHLB stock | ||
Bank-owned life insurance | ||
Deposits | ||
FHLB short-term borrowings | ||
FHLB long-term borrowings | ||
Accrued interest payable | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | ||
Investment in interest-earning time deposits | 4,935 | 6,163 |
Fair value | ||
Loans held for sale | ||
Loans receivable, net | 194,955 | 177,870 |
Accrued interest receivable | ||
Investment in FHLB stock | ||
Bank-owned life insurance | ||
Deposits | 143,900 | 139,111 |
FHLB short-term borrowings | ||
FHLB long-term borrowings | 13,997 | 8,507 |
Accrued interest payable |